cho, page-42

Around the number I said in my previous post.
But I hold twice as much in value in DUI, but for historical reasons, mainly because DUI offered greater discounts in the past few years and they also had a 1:5 rights issue this year (prior to the rights issue DUI had a relatively small market cap and the illiquidity problem/opportunity was more pronounced).

Incidentally, in my LIC calculations, I also separately take into account the cross-holdings. AUI are a large shareholder of DUI. The monthly NTA announcement to the ASX for AUI, has the value of its DUI holding marked-to-market (as it should). But in reality, AUI's DUI holding is worth more, becuase DUI trades at a discount to NTA. Something to bear in mind.