Agree. As long as they persist in taking major positions in...

Agree. As long as they persist in taking major positions in small, emerging and less liquid companies that are NOT leaders in their field, their NTA is not going to improve ; nor will the SP. I formerly inherited this "dog" from the takeover of Contango Asset Management (CTN) which was a great little dividend paying small companies LIC. These mob "bought" the assets and certainly did not add value.
Out of NSC now, but should have done so way earlier ! Not many LICs are shooting the lights out ATM, but this has to rank with one of the worst both in terms of management and stocks held. You can talk up your book, but not if its poorly written !!!