agree - happened in the CEF market in UK. Discounts usually need to be 20-40% to bother on the proper alternates. This is beyond 25% needed to even open the eyes.
Clearly an issue with the underlying Small and Mid Cap market for the manager here but a few things need changing in ASX LIC land ASAP - Need Daily NAVs (absolutely achievable) and full portfolio weights daily or weekly. Only then will the discounts disappear and only the LICs fit for purpose will remain.
Thats the petition you actually need!
I'm ok with the strategy of this OPH, but many others I'm not. Just give me the same NAV you see daily!
Ann: Weekly NTA 01.03.2024, page-7
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Last
$2.62 |
Change
-0.010(0.38%) |
Mkt cap ! $589.8M | |||
| Open | High | Low | Value | Volume |
| $2.63 | $2.65 | $2.62 | $275.9K | 104.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14897 | $2.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 21008 | 3 |
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| Last trade - 13.18pm 29/05/2024 (20 minute delay) ? |
| OPH (ASX) Chart |