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MLT seem to run at a discount a fair bit of the time, whereas...

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donrun123

27 Posts.

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03/09/20

22:08

Post #: 47072962
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Originally posted by GlobeTrekker: ↑

MLT used to have a high percentage of its funds in the banks (around 30% from memory), which used to be quite a bit higher than AFI and ARG (the other two big LICs) held as a percentage. I wasn't a big fan of MLT holding that high a percentage in banks, but if you look at its latest NTA report, the banks now make up only 16% of its funds. The percentage is now actually pretty close to the percentage that the Big 4 banks make up of the All Ords Index (15%), and close to what AFI and ARG hold.

MLT now appears to be trading at around 5% discount to NTA, while AFI and ARG are close to 5% premium. Whilst MLT usually trades at a smaller premium or bigger discount than the other two, the difference isn't usually that big, so perhaps MLT is now better value than the other two, relatively speaking.

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MLT seem to run at a discount a fair bit of the time, whereas the others AFI & ARG a run at a premiun a lot. 5% discount seems quite good to buy a few more.

MLT Price at posting: $4.09 Sentiment: Buy Disclosure: Held
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