NAC 4.55% 57.5¢ naos ex-50 opportunities company limited

I don’t want to hold an LIC thats 25% invested in a demonstrably...

  1. 733 Posts.
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    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
 
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