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
I don’t want to hold an LIC thats 25% invested in a demonstrably...
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Last
52.5¢ |
Change
0.005(0.96%) |
Mkt cap ! $22.47M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.5¢ | 52.0¢ | $12.31K | 23.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7114 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 15000 | 1 |
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| Last trade - 15.57pm 06/08/2024 (20 minute delay) ? |
| NAC (ASX) Chart |