The Bell Potter LIC report indicates that the average discount to NTA for CIN over the last 5 years is 19.1%.
The highest has been 24.4% and the lowest 10.5%.
The current discount to NTA is 24.18% so I stand by my statement that the discount to NTA is high by historical standards.
I agree that a LIC with such a high weighting in one stock is unusual and you would have to have a favourable view on EVT to hold.
I do, and I have been acquiring over the last few months, however this position will only be a small portion of my holdings (less than 4%).
Ann: Net Tangible Asset Backing, page-6
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Last
$30.25 |
Change
0.000(0.00%) |
Mkt cap ! $800.6M | |||
| Open | High | Low | Value | Volume |
| $30.30 | $30.39 | $30.25 | $107.3K | 3.544K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 117 | $30.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.40 | 2136 | 3 |
View Market Depth
| Last trade - 15.24pm 28/05/2024 (20 minute delay) ? |
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Last
$30.36 |
Change
0.000 ( 0.10 %) |
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| Open | High | Low | Volume | ||
| $30.35 | $30.36 | $30.35 | 30 | ||
| Last updated 15.09pm 28/05/2024 ? | |||||
| CIN (ASX) Chart |