Hadnt thought of the cash as a % of the mkt cap !    Bit...

Hadnt thought of the cash as a % of the mkt cap !    Bit concerned tho that they seemed to have pulled out of APT and after selling down quite a lot of their holdings, they seem to me to be a bit confused as to what direction they are heading in.  Maybe its just the quiet before the storm and when, and in what and how much they deploy their cash.   Certainly seem to be a LESS swashbuckling outfit now than before they let their fund manager go last year.  Still, they will have plenty of cash to pay the divvy, but I wonder how much of it will be fully franked ?
Still,, better than a lot of other LICs   !!!!!!