I've been investing in LIC sector for quite a while, and have recently taken a position in SB2. This webinar from July 2024 was very helpful in that decision making process. I see the positives as follows:
The SP is still trading at a significant discount to pre-tax NTA (as noted) despite the recent run up from $0.73 to $0.81.
Wilson Asset Management continue to increase their shareholding. Now almost 10% of the company.
SB2 provides great exposure to 24 x quality emerging companies (listed), and exposure to 7 x unlisted companies which are being carried at original book value. Gregg was suggesting that a couple of these companies may IPO in 2025.
SB2 Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)