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
$2.31 |
Change
-0.010(0.43%) |
Mkt cap ! $748.2M | |||
| Open | High | Low | Value | Volume |
| $2.32 | $2.32 | $2.31 | $42.46K | 18.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 94075 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.32 | 67832 | 4 |
View Market Depth
| Last trade - 11.10am 04/06/2024 (20 minute delay) ? |
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Last
$2.32 |
Change
-0.010 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $2.32 | $2.32 | $2.31 | 25741 | ||
| Last updated 11.27am 04/06/2024 ? | |||||
| KKC (ASX) Chart |