It seems like the activist is gone, hence likely that the new purchaser would accept 1/10 at 13.5c. They would be silly if they didn't. I suspect the stock overhang is gone as Jim Craig (activist) who initiated these proceedings with the t/o panel is gone.
Let’s give Farooq and his clan the benefit of the doubt and they have paid out a lot of dividends over the last 12-24 months.
They have confirmed that going forward 1c per 6 months in dividend/capital return. Hence 2c p.a. gives a yield of 10% at 20c.
NTA is now closer to 29c, as MEO is on the up. Company has $6m in a diversified fund and $6-$7m in cash. At 19c/20c stock is a bargain.
This is one of the cheapest LIC's on the market.
Once the overhang thing is history, the NTA gap will surely have to rise close to its NTA. I think seeming this LIC is fairly simple with its investments (Cash, diversified fund & MEO) anything more than a 10-15% discount to NTA is unwarranted.
p.s. i bought yesterday and today.
- Forums
- ASX - By Stock
- BEL
- 42% disc to nta, 8% div broad blue chip exposu
42% disc to nta, 8% div broad blue chip exposu, page-10
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $837.4K |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1004 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 8727 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1004 | 0.011 |
1 | 70000 | 0.010 |
2 | 155659 | 0.009 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 8727 | 1 |
0.015 | 53759 | 1 |
0.016 | 1985 | 1 |
0.020 | 145500 | 2 |
0.000 | 0 | 0 |
Last trade - 16.12pm 21/10/2024 (20 minute delay) ? |
Featured News
BEL (ASX) Chart |
Day chart unavailable
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online