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?
Evetsgold: on probabilities, you are likely to be right. But my...
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Last
$1.48 |
Change
-0.010(0.67%) |
Mkt cap ! $147.7M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.49 | $1.48 | $58.22K | 39.32K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14363 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 15000 | 1 |
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| Last trade - 15.01pm 21/05/2024 (20 minute delay) ? |
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Last
$1.48 |
Change
-0.010 ( 0.34 %) |
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| Open | High | Low | Volume | ||
| $1.49 | $1.49 | $1.48 | 5305 | ||
| Last updated 15.01pm 21/05/2024 ? | |||||
| FOR (ASX) Chart |