I don’t want to hold an LIC thats 25% invested in a demonstrably mediocre business & an LIC that has a history of concentrating investor funds in underperforming businesses
The only reason I’d get back into NAC is if it was at a significantly sufficient discount to offset the above, other LIC;s with comparable performance like GC! Trade around a 30% discount yet I’m still not sure that covers the long term underperformance
Also of concern is when the managers actions & consequences explanation to their investors is so opaque, if I know the reasoning & where it failed then I can make an informed judgment if the manager’s thesis was reasonable but went wrong or incompetent from the start & compounded by averaging down, why pay a fee for something I’m perfectly capable of doing myself
- Forums
- ASX - By Stock
- NAC
- Ann: Pre-Tax NTA Update - 15 May 2024
Ann: Pre-Tax NTA Update - 15 May 2024, page-13
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NAC (ASX) to my watchlist
(20min delay)
|
|||||
Last
57.5¢ |
Change
0.025(4.55%) |
Mkt cap ! $24.40M |
Open | High | Low | Value | Volume |
56.0¢ | 57.5¢ | 56.0¢ | $95.01K | 168.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 165511 | 57.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
57.5¢ | 1115 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 165511 | 0.570 |
1 | 1000 | 0.565 |
1 | 1000 | 0.550 |
1 | 1000 | 0.540 |
3 | 11586 | 0.530 |
Price($) | Vol. | No. |
---|---|---|
0.575 | 1115 | 1 |
0.580 | 12474 | 1 |
0.610 | 3000 | 1 |
0.680 | 9490 | 1 |
0.690 | 18880 | 1 |
Last trade - 14.29pm 02/09/2024 (20 minute delay) ? |
Featured News
NAC (ASX) Chart |