Yeah agreed. I don't think an LIC like this really gets economies of scale. The portfolio would still look the same if it had 100 million or 1 billion they just hold more of the same shares. I do agree it increases liquidity which is a good thing. These guys also have URB (where i'm also a shareholder) which didn't get much support at IPO and ended up with less than 100 million under management. Now their very thinly traded which I think has contributed to a big NTA discount.
Ann: BKI Announces Entitlement Offer and General Offer, page-56
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Last
$1.71 |
Change
0.000(0.00%) |
Mkt cap ! $1.376B | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.71 | $543.5K | 317.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25084 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.72 | 7709 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BKI (ASX) Chart |