one lens to use to assess BTI is that of a VC fund...though of course as n LIC, BTI is closed end and doesn't plan to be wound up after a fixed period.
its been listed for about 8 years. so far, we have had some capital growth as measured by the share price 25%) and more (another 25-30%) when measured by NTA even though that is not immediately realisable and subject to continued strong performance by portfolio companies.
Because it's closed end, it's not routinely returning capital like a VC or PE fund but it has now begun to pay dividends and we have had about 14-15c so far.
so not explosive results but solid progress with a diversified portfolio.
my only thought is that I think they should also look at SaaS minnows who listed too early on the ASX and take the best of them private with PE partners so they can focus on growth rather than quarterly cash flow reports.
Just my thoughts
Ann: Change in substantial holding from SOL, page-7
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Last
$1.26 |
Change
-0.020(1.56%) |
Mkt cap ! $185.9M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.29 | $1.26 | $54.71K | 42.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11812 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 4205 | 1 |
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| Last trade - 15.59pm 19/11/2024 (20 minute delay) ? |
| BTI (ASX) Chart |