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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As of 28 Feb 2021:CIN Pre-tax NTA: $34.76CIN Post-tax NTA:...
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Last
$29.99 |
Change
0.510(1.73%) |
Mkt cap ! $793.1M |
Open | High | Low | Value | Volume |
$29.72 | $29.99 | $29.51 | $42.32K | 1.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 600 | $29.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$29.99 | 274 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 600 | 29.550 |
1 | 1100 | 29.520 |
1 | 565 | 29.510 |
1 | 500 | 29.500 |
1 | 1011 | 29.440 |
Price($) | Vol. | No. |
---|---|---|
29.990 | 274 | 1 |
30.090 | 885 | 1 |
30.250 | 500 | 1 |
30.300 | 767 | 1 |
30.500 | 500 | 1 |
Last trade - 14.49pm 09/08/2024 (20 minute delay) ? |
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CIN (ASX) Chart |