Ann: Investment Report & NTA Update - April 2018, page-9

@Mickmate 1, I agree that 18% is a large discount, but you’ve got to ask yourself why. Two things have to work in your favour for the gap to close....one, the assets held by NAOS have to perform and two, NAOS itself has to perform....neither of which appear to be happening at the moment. Reliance went up 25% today and its a top 200 company. NSC is supposed to be a small company fund which is supposed to reward investors adequately for the increased risk in investing in small companies. When you compare some of the Wilson funds, even Wilson Leaders, youd have to be asking why one would even bother looking at NSC.

You say “perhaps 20% is when it'd start being a solid buy.“

My forecast is that it would be a solid buy when its profit figures improve and the share price starts to increase and generally shows an upwards trend. Until that happens, I’m stuck with this mob for the dividend. (and not much else it would appear !)