I know this...
My point stands. If you buy an LIC the value to the investor is the share price.
There is no point focusing on the NTA (as far as the value of your investment) when you can't access this.
You can't buy an LIC and then book it's value at NTA. You don't own the assets of the LIC - you own a share in a company that owns the assets. It's important to understand the difference.
They can buy as many as discounted LIC shares as they want... it's not accretive.
If they buy out another LIC and liquidate it - that's a completely different story.
Ann: Strong support for WAM Strategic Value IPO, IIR Recommended, page-12
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Last
$2.23 |
Change
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Mkt cap ! $792.2M | |||
| Open | High | Low | Value | Volume |
| $2.24 | $2.25 | $2.23 | $256.2K | 114.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 16013 | $2.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.24 | 4959 | 1 |
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