Insider buying is rarely a bad thing for the SP on a stock. This LIC is running at a discount to a discount. According to their October report WAR has a "look through" NTA of $1.27. And that's with 36% held in cash. So basically just closing the gap to the value of the underlying shares in the underlying LIC investments should provide a 25% return. Trouble is > this could be a long wait. On the upside > the yield on this LIC should improve in the short term. Only for the patient investor IMO. Will also be interesting to see if / when they start redeploying some of that cash into the market.
Ann: Appendix 3Y Change in Directors Interest - G Wilson, page-5
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Last
$1.09 |
Change
-0.010(0.91%) |
Mkt cap ! $196.3M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.10 | $1.09 | $147.0K | 134.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 131601 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 9965 | 1 |
View Market Depth
| Last trade - 14.23pm 18/07/2024 (20 minute delay) ? |
| WAR (ASX) Chart |