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%).
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Last
$2.31 |
Change
-0.010(0.43%) |
Mkt cap ! $745.0M |
Open | High | Low | Value | Volume |
$2.32 | $2.32 | $2.31 | $526.0K | 227.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 110316 | $2.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.32 | 12592 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 110316 | 2.310 |
10 | 259473 | 2.300 |
3 | 24573 | 2.290 |
4 | 28074 | 2.280 |
3 | 54880 | 2.270 |
Price($) | Vol. | No. |
---|---|---|
2.320 | 12592 | 5 |
2.330 | 11973 | 3 |
2.340 | 14000 | 2 |
2.350 | 427521 | 6 |
2.360 | 4600 | 1 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$2.31 |
  |
Change
-0.010 ( 0.43 %) |
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Open | High | Low | Volume | ||
$2.32 | $2.32 | $2.31 | 143375 | ||
Last updated 15.59pm 04/06/2024 ? |
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KKC (ASX) Chart |