@Stumpedup, I had a look at SB2. They have a lot of speccies in their portfolio, and their 3 yr performance is not all that good. They have had a great last year and the portfolio has only been going since 2021 ? Like GC1, they are trading at a significant discount, but I don’t know about the depth of trades for SB2….. it may be a bit of a trap like GC1. Easy to get in and hard to find a buyer when u want to get out ? GC1 is IMHO a bit of a trap as well with the SP showing investor confidence in the LIC. BUT compare the quality of the revised portfolio in GC1 to the “old” portfolio. The new PF is IMHO, very good with TLX, TNE , Pme, HUB, ZIP etc and a lot of other good stocks. Glennon still has a couple of dogs in the PF to get rid of, which is in the overall plan, but the PF is currently trading at a 50% discount. A brave investor will make a good return in the longer term, but it’s a case of “how long” and if, you need your money, being able to sell and find a buyer. I will be interested to see how SB2 goes. Good luck and best wishes … PJ.
