The published NTA is on a diluted basis - that is, the effects of the preference shares have already been taken up.
I think the problem with CAM is that they have presented it as a safe income fund and have maintained a high dividend from deep-value investments. It will do a lot better than other LIC's during a crash, but the lack of re-investment limits growth. I am only holding the preference shares - possibly these are holding the CAM share price back a little. They mature in April next year so will see then whether the NTA margin narrows.
The published NTA is on a diluted basis - that is, the effects...
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Last
81.5¢ |
Change
0.010(1.24%) |
Mkt cap ! $118.7M | |||
| Open | High | Low | Value | Volume |
| 81.0¢ | 81.5¢ | 81.0¢ | $1.478K | 1.813K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 76008 | 81.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 35464 | 3 |
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| CAM (ASX) Chart |