Well they might "grow the assets" but share price appreciation over the last 10 years is negligible so unless they review their dividend policy or do a buyback where do the actual returns to shareholders come from?
I bought in opportunistically at a low point and have kept my exposure relatively modest so not too fussed but when they're sitting on such a large discount to NTA and there's little demand for CIN shares even on a day like today when the market is booming then I'd say this reflects very poorly on management.
The discount to NTA is trading like some run down REIT expecting a downgrade in assets, not a low cost LIC with solid holdings in mostly blue chip companies.
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Last
$29.99 |
Change
0.000(0.00%) |
Mkt cap ! $793.1M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 570 | $29.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.14 | 397 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 570 | 29.700 |
1 | 600 | 29.690 |
2 | 1360 | 29.610 |
1 | 334 | 29.580 |
1 | 500 | 29.500 |
Price($) | Vol. | No. |
---|---|---|
30.140 | 397 | 1 |
30.250 | 500 | 1 |
30.300 | 767 | 1 |
30.500 | 500 | 1 |
30.780 | 500 | 1 |
Last trade - 10.04am 15/08/2024 (20 minute delay) ? |
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