Well they might "grow the assets" but share price appreciation over the last 10 years is negligible so unless they review their dividend policy or do a buyback where do the actual returns to shareholders come from?
I bought in opportunistically at a low point and have kept my exposure relatively modest so not too fussed but when they're sitting on such a large discount to NTA and there's little demand for CIN shares even on a day like today when the market is booming then I'd say this reflects very poorly on management.
The discount to NTA is trading like some run down REIT expecting a downgrade in assets, not a low cost LIC with solid holdings in mostly blue chip companies.
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Last
$30.10 |
Change
-0.300(0.99%) |
Mkt cap ! $796.0M |
Open | High | Low | Value | Volume |
$30.20 | $30.20 | $30.10 | $12.06K | 400 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 33 | $29.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.20 | 1580 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 33 | 29.520 |
1 | 1000 | 29.500 |
1 | 710 | 29.420 |
1 | 1600 | 29.400 |
1 | 750 | 29.290 |
Price($) | Vol. | No. |
---|---|---|
30.200 | 1580 | 2 |
30.340 | 619 | 1 |
30.350 | 732 | 1 |
30.390 | 1000 | 1 |
35.060 | 19 | 1 |
Last trade - 13.42pm 05/09/2024 (20 minute delay) ? |
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CIN (ASX) Chart |