NAC
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2.04% 48.0¢ naos ex-50 opportunities company limited

I agree @Joffrey. That obvious conflict of interest (compared to...

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  1. Stumpedup
    298 Posts.
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    12/08/24
    20:04
    Post #: 75175034
    I agree @Joffrey. That obvious conflict of interest (compared to shareholders best interests) would not be so bad if the stock picking was actually good.
    Why would anyone even contemplate investing in this LIC based on their performance compared to the index.
    Below is a brief summary of the three core holdings: MOV, MXI and UBN.

    https://hotcopper.com.au/data/attachments/6376/6376972-8bc98caa9a681dcf67422e0010c5687c.jpg

    MOV: 1 year SP performance > Negative 75%. SP just hit an all-time low of $0.20c. Has issued a profit warning. Never paid a dividend. All other major shareholders are selling. CEO has just resigned. Major competitor is Mainfreight. Survival rests on the future health of the NZ economy. NAOS owns 19% of the company.

    MXI : 1 year SP performance > Negative 33%. Has missed the last three profit guidance announcements. SP is hovering around 2 year lows. Still profitable albeit declining. At least it pays a dividend. NAOS own 23% of the company.

    UBN: 1 year SP performance > Negative 27%. Company listed almost 10 years ago in Sept 2014. IPO price was $0.50. Current SP is $0.42. Still cash flow negative. Never made a profit. Never paid a dividend. Earnings flat for the last 7 years. Capital raise not out of the question IMO. NAOS own 28% of the company.

    Last edited by Stumpedup: 12/08/24
    NAC Price at posting: 52.0¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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