HML is also trading at a discount to NTA.
However, HML holds a number of unlisted (and puzzling) investments that can't be divested overnight. Also, it is reasonable to question/ further discount the 'fair value' of some of these.
That said, I think most of us discussing this are backing both. I'm 23:5 HML to BHD at current prices.
bhd, page-15
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