LICs always trade at a discount
because you have an equity raising and that is recorded on the balance sheet
then the investment bank that set up the fund takes its cut.
that means less is spent on shares
so LICs always appear cheap
it is an accounting illusion
chart , page-9
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Last
$7.46 |
Change
0.030(0.40%) |
Mkt cap ! $9.336B | |||
| Open | High | Low | Value | Volume |
| $7.47 | $7.49 | $7.43 | $2.953M | 395.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6719 | $7.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.47 | 5130 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| AFI (ASX) Chart |