Evetsgold: on probabilities, you are likely to be right.
But my reasoning behind the 20% weighting is as follows:
- Forager has been on record to recognise the friction of getting in and out of some of the smaller less liquid positions. I think over time the nature of the liquidity of the portfolio will improve.
- Their stated best defence against the discount is long term outperformance. I am happy to give this more time, but given recent outperformance, I am starting to doubt if it will work. Outperformance over the long term will be useless if shareholders cannot exit at NAV.
- I think they will have to take more drastic measures to close the discount. If it gets larger, it could be a scenario for activism.
I don't know if it is possible, but an unlisted fund with a monthly cap on redemptions may work?
- Forums
- ASX - By Stock
- Ann: Dividend/Distribution - FOR
Evetsgold: on probabilities, you are likely to be right. But my...
Featured News
Add FOR (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.52 |
Change
0.005(0.33%) |
Mkt cap ! $151.7M |
Open | High | Low | Value | Volume |
$1.52 | $1.52 | $1.52 | $24.52K | 16.16K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45212 | $1.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.53 | 2397 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45212 | 1.515 |
2 | 24191 | 1.510 |
1 | 6580 | 1.500 |
2 | 37827 | 1.490 |
1 | 25 | 1.485 |
Price($) | Vol. | No. |
---|---|---|
1.525 | 2397 | 1 |
1.530 | 20786 | 2 |
1.550 | 56746 | 3 |
1.570 | 3285 | 1 |
1.585 | 20000 | 2 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.52 |
  |
Change
0.005 ( 0.33 %) |
|||
Open | High | Low | Volume | ||
$1.52 | $1.52 | $1.52 | 443 | ||
Last updated 13.58pm 07/05/2024 ? |
Featured News
FOR (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online