LIC's generally trade at a discount (market dependant). There is a fee impost on the management of the LIC 1.5% PA and also a liquidity risk priced in (ability to turn positions into cash).
In a frothy market, we may get back to NTA or even trade at a premium. Timeframe ???
I do think this LIC has done really well considering what has gone on and I love the fact the management fees are all donated to great causes. Some really great minds picking the stocks and that has shown with the performance.
LIC's generally trade at a discount (market dependant). There is...
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Last
$2.47 |
Change
-0.010(0.40%) |
Mkt cap ! $565.5M | |||
| Open | High | Low | Value | Volume |
| $2.46 | $2.48 | $2.45 | $978.1K | 397.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12250 | $2.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 26803 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$2.45 |
Change
-0.010 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| $2.46 | $2.48 | $2.45 | 118283 | ||
| Last updated 15.55pm 24/05/2024 ? | |||||
| HM1 (ASX) Chart |