Ouch I wish I had of lightened up yesterday! I got rid of about a third of my position this morning above 1.38. I still like to own quite a bit of this, but it has been a good run since March. Like others on these threads, the underlying risk they are taking was more than I expected when going into this in March (at the time they were only net invested around 75% and gross 220% I think).
I hope I regret taking profits on part of my holdings. My gut feel is that the discount at the moment might only be about 20% rather than 25% recently. The NTA update for the 9th will look pretty, and then it will probably turn ugly!
I also hope I get a pleasant surprise and their NTA doesn't get too smashed when they report for the last few days, but not confident. Will be interesting to watch.
Ann: Net Tangible Asset Backing, page-23
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$3.11 |
Change
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| 2 | 8428 | $3.10 |
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|---|---|---|
| $3.11 | 13397 | 1 |
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