Attended launch roadshow years ago. lost interest. only prompted today by Ellerston/Morphic webinar as a former EGI holder and current EGMS holder.
Now at a 16% discount to *post-tax* NTA. Could it be a potential discount capture candidate?
Performance has been good over last 12M or so.
Cons: small capital base and market cap <$100m. Thinly traded. Not aware of any other institutional investors with discount capture mandates with stakes...
Ellerston company may wish to keep the fixed fees coming. As a fund manager though, they surely see opportunity in the ESG space. Main ways to grow FUM for a LIC aren't available at this big a discount.
Bunch of random thoughts there, all up for discussion.
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- Ann: NTA at 12.02.21 Pre-tax 1.4126 Post-tax 1.3097
Ann: NTA at 12.02.21 Pre-tax 1.4126 Post-tax 1.3097, page-2
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Last
99.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.48M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 23826 | 99.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.00 | 16205 | 1 |
View Market Depth
No. | Vol. | Price($) |
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6 | 23826 | 0.990 |
2 | 20215 | 0.980 |
4 | 1238 | 0.970 |
1 | 20000 | 0.965 |
5 | 10154 | 0.950 |
Price($) | Vol. | No. |
---|---|---|
1.000 | 16205 | 1 |
1.010 | 8620 | 1 |
1.030 | 7640 | 1 |
1.040 | 12192 | 1 |
1.045 | 15000 | 1 |
Last trade - 16.12pm 20/06/2024 (20 minute delay) ? |
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