I thought I'll give the kind folks in this thread an update regarding SOL SP to NTA. I have updated the spreadsheet somewhat to include a bond-like valuation based on historical annual dividend yield as an another data point to consider.
Discount to NTA stands at c.4.1%.
In my calculation, I am probably being extremely conversative on the emerging company portfolio (and not generous enough on the structured yield and property portfolios) but the good news is that any reduction in this asset pool only makes the discount higher! NHC is the obvious standout here.
Overall, looking like good value right now. Would have no issue purchasing more at these levels (which I have done).
(20min delay)