happened in the CEF market in UK. Discounts usually need to be 20-40% to bother for a take out on proper alternate funds. This is not a proper alternate.
Its just a long only SMID cap global. Vanilla.
This one would need to be beyond 25% discount though to even open the eyes i think?
Clearly an issue for the manager with the underlying market of Small and Mid Cap but a few things need changing in ASX LIC land in total ASAP -
* Need Daily NAVs estimates. Achievable and should be required. If they can't do it then they aren't aware of risk themselves
* full portfolio weights daily or weekly required ASAP. Its the lack of transparency by only giving "Top 10 holdings" or similar nonsense that's contributing to the discounts. murky never creates a premium, it only creates discounts.
Thats the petition and lobbying you actually need. LIC or LIT.
I'm ok with the strategy of this OPH, but many others I'm not. Just give me the same NAV you see daily and I will think about having more. Can't give us that and we will end up believing there is more than a few problems.
happened in the CEF market in UK. Discounts usually need to be...
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Last
$2.67 |
Change
-0.010(0.37%) |
Mkt cap ! $594.3M | |||
| Open | High | Low | Value | Volume |
| $2.69 | $2.70 | $2.65 | $450.6K | 168.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8140 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.67 | 9625 | 1 |
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| Last trade - 15.52pm 24/05/2024 (20 minute delay) ? |
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Last
$2.66 |
Change
-0.010 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| $2.64 | $2.66 | $2.64 | 186 | ||
| Last updated 15.49pm 24/05/2024 ? | |||||
| OPH (ASX) Chart |