Yep, fully agree, and from my own perspective, I don't mind re-investing franked dividends back into the NTA at a discount. It's a great little win-win for long-term investors. I really hate paying such a big management fee for the privilege of that though.
At a certain point though the management fee will no longer be "covered" by the discount, and I'll have to look elsewhere rather than keep subsidising the managers lifestyle.
Ann: Commencement of Increased On-Market Buy-back, page-7
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Last
$1.75 |
Change
-0.015(0.85%) |
Mkt cap ! $432.7M | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.77 | $1.74 | $365.1K | 209.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 12000 | 2 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| VG1 (ASX) Chart |