Ann: Net Tangible Asset Backing, page-8

HML is hands down the best LIC trading on the ASX.

Even though HML outperformed every other LIC in 2016, and are first again in 2017, they are still a hidden gem. Its only a matter of time before the wider investment community take notice which will bridge the gap between NTA and SP.

$1.70 SP is well and truly a bargain given the NTA and skill level of the fund. Could easily be pushing $3+ by years end.

Exciting time ahead people.