No real surprises, all that really matters with a LIC is the NAV, which is published monthly. Currently the share price is still at a significant discount to the NAV and therefore the investment decision is whether you want to invest in their basket of stocks at a discount to market. My main concern with this stock is lack of liquidity and the low share price (which means that the smallest possible move is 0.5c or over 2%). A 2% move is too much for a LIC where the underlying basket of shares will almost never move by that much on a daily or even weekly basis. My preference would be a stock consolidation and the share price moving to $2.20 rather than 22c.
TEK Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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