Ncc took a huge position in CGA. Lo and behold, they r given ctn now NSC. Everything is an inside job these days. The gents r good stock pickers but take concentrated positions in off the beaten path stocks. As a result, their performance will be more " erratic" than the typical LIC. To jump up and down after a few months of their performance where they have not even been fully invested is absurdity.
I own CGR which was a door mat for the first two years I owned it. I almost surrendered and did not because NCC became substantial. The stock was at less than 20 cents. Now 2 years later it's 60 cents with Morgan's, Wilson, GC1 and others on board. Tell me who you would rather follow.
I think NSC is about the best value LIC Out there. Even GW says to buy LICs when they r at a discount. They will have their day. They probably won't shoot the lights out but should provide a good return with fairly low risk. In the words of GNR. .... A little patience. Also NSC provides some diversity to usual suspects that most LIC own.
I do not own NSC because I have fundamental issues with LICs. A discussion for another day. Also I am fundamentally stubborn. At its current price it's one of my few buys and I am tempted.
Lastly, if you want to go auto pilot, I agree ... Fly Wilson.
Glah
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- Ann: Investment Report & NTA Update - June 2018
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47.0¢ |
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Mkt cap ! $63.38M |
Open | High | Low | Value | Volume |
47.5¢ | 47.5¢ | 47.0¢ | $70.03K | 147.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 75852 | 47.0¢ |
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Price($) | Vol. | No. |
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48.0¢ | 105210 | 2 |
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No. | Vol. | Price($) |
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2 | 75852 | 0.470 |
1 | 16288 | 0.465 |
4 | 66950 | 0.460 |
4 | 14235 | 0.450 |
2 | 14900 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.480 | 105210 | 2 |
0.490 | 15896 | 1 |
0.495 | 8450 | 1 |
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0.515 | 12118 | 1 |
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