WAR 0.00% $1.18 wam strategic value limited

Ann: Change in substantial holding for GDC, page-10

  1. 295 Posts.
    lightbulb Created with Sketch. 7
    This is a serious statement.

    I don't understand why a LIC trading at a discount to NTA is a negative.

    If it trades at a discount i just buy more. If it trades at a premium or near NTA I sell it.

    I wouldn't buy a LIC unless it traded at a significant discount to NTA that is their whole appeal.

    Can you guys enlighten me?
 
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