Yeah I think pretty much every LIC/LIT is trading at a significant discount. Realistically, I think a 7.5% discount is fair to account for less liquidity and a margin of safety. So any price below $2.20 is a good deal in my books (I have been topping up my holdings at around a 12.5% discount or more). Theoretically, if the fund can give a net return of 10% p.a. that might just be better than holding the ASX, and the discount will allow a margin of safety against some of the loans defaulting (maybe 1-2%).
Yeah I think pretty much every LIC/LIT is trading at a...
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Last
$2.32 |
Change
-0.060(2.52%) |
Mkt cap ! $751.5M | |||
| Open | High | Low | Value | Volume |
| $2.35 | $2.35 | $2.32 | $387.0K | 165.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 143198 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 22373 | 4 |
View Market Depth
| Last trade - 10.50am 05/08/2024 (20 minute delay) ? |
| KKC (ASX) Chart |