As of 28 Feb 2021:
CIN Pre-tax NTA: $34.76
CIN Post-tax NTA: $29.16 (assuming it sells which it claims it never plans to and the tax is returnable as franking credits anyway)
EVT at 28 Feb: $11.46
As of 2 March EVT (34% holding) is trading about 2% down. But the rest of the portfolio is about 2% up.
- Thus net it out even as of now but re-calc as needed this month.
CIN SP at 1:45pm 2 March = $27.4
That makes CIN at a discount to Pre-tax NTA of 21% (for the LIC with the lowest fees in the market)
So how bright are the folk paying a 5-10% premium for AFI, ARG and WHF?
Obviously, not smart enough to hedge out the EVT risk using a CFD or just set up a price/announcement alert on EVT.
More interestingly, I wonder why a LIC trader fund like Affuence or similar doesn't just routinely hedge out the EVT overweight and just trade the CIN discount. 21% is ridiculous if hedged. As CIN trades nearer to about 12% minimum discount sell it off (most hate the EVT overweight so it will always trade at a discount).
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Last
$29.70 |
Change
-0.050(0.17%) |
Mkt cap ! $785.5M |
Open | High | Low | Value | Volume |
$29.75 | $29.81 | $29.70 | $80.85K | 2.713K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 334 | $29.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$30.30 | 400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 334 | 29.570 |
2 | 780 | 29.550 |
1 | 707 | 29.540 |
2 | 713 | 29.530 |
1 | 988 | 29.510 |
Price($) | Vol. | No. |
---|---|---|
30.300 | 400 | 1 |
30.760 | 600 | 1 |
30.980 | 1003 | 2 |
31.500 | 600 | 1 |
31.750 | 568 | 1 |
Last trade - 15.34pm 12/07/2024 (20 minute delay) ? |
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