I've had a quick look at other comparables (LICs focused on small/nano/VC) listed on the ASX. Understandably, there does seem to be a correlation with scale (market capitalisation) and the SP/NTA discount. This is likely because larger scale is correlated with success (growth over time), longevity, and also a lower expense ratio (MER). However, even when accounting for that, PVL appears to be very cheap with a discount much higher (~45% discount) than what should be expected (~22% discount) based on the trend line (see the scatter plot below). A 22% discount to 9c NTA would be a share price of ~7c.
I've had a quick look at other comparables (LICs focused on...
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Last
4.1¢ |
Change
0.001(2.50%) |
Mkt cap ! $4.95M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 4.1¢ | $107 | 2.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 49999 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
4.1¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 4.1¢ | 4.1¢ | 4.1¢ | 15000 | ||
| Last updated 13.34pm 14/06/2024 ? | |||||
| PVL (ASX) Chart |