Depends on what your goals are. Paul Moore;s investment style...

Depends on what your goals are. Paul Moore;s investment style lends itself to shares being cheaper than NTA, until the penny drops that the fund is invested in deep value shares. Paul himself says that it may take many years for full value to be realised. He is not an index hugger and has a history of making bold calls and often lagging other funds until his investments starts to take off and then he out performs.

He is buying unpopular stocks and quite often these ugly ducklings are sold off at the slightest bit of trouble. Paul has a habit of holding them until they become beautiful swans.

I have been buying these lately and will buy more. Each to their own, but I am patient and will keep the faith.