Just be careful with holding or buying this LIC assuming the NTA moves with the market. It is generally more volatile and currently extremely volatile.
My buy/sell decisions relate to discount levels to NTA as well as liquidity so in the current market I am a buyer at discounts at least over 25% but if liquidity is poor then over 30%.
Post-tax NTA has dropped massively last week and liquidity has really dried up. All short-term factors are negative for portfolio. Buyback is the only reason to consider buying unless discount gets ridiculous (40% plus).
Given the manager's recent analysis of coronavirus, I doubt they reduced net exposure significantly. Probably still at ~95% (an all time high!)
So don't be lulled into thinking their shorts are going to help exposure wise. Currently any shorts just mean the overall bets (gross positions) are over 100% - they could get their short bets wrong versus long pair or market beta.
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Just be careful with holding or buying this LIC assuming the NTA...
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Last
$1.36 |
Change
-0.035(2.52%) |
Mkt cap ! $109.5M |
Open | High | Low | Value | Volume |
$1.39 | $1.39 | $1.35 | $276.9K | 203.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6499 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 9730 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6499 | 1.355 |
1 | 13999 | 1.350 |
1 | 2278 | 1.315 |
1 | 66000 | 1.310 |
2 | 8385 | 1.300 |
Price($) | Vol. | No. |
---|---|---|
1.395 | 9730 | 2 |
1.400 | 15000 | 1 |
1.410 | 17000 | 3 |
1.420 | 5000 | 1 |
1.450 | 2171 | 1 |
Last trade - 12.11pm 12/08/2024 (20 minute delay) ? |
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