Hey folks,
I see things differently from everyone else here.
I see VG1, VG8 and VGI as strong buys.
First of all, because of the fee structure there should always be a 16% discount. If VGI is going to take 16% of profits then the the shares are automatically worth 16% less than the NTA.
Anyone buying into (or holding) any LIC at a premium is making a mistake.
Second, the manager does not determine the share price or the discount. The shareholders do. Buy-backs will only increase a discount (do the maths).
The part the manager is responsible for is the NTA. That has been disappointing but not disastrous.
As a shareholder, I’d be disappointed if the manager was focused on anything other than making good stock selections.
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Last
$1.86 |
Change
0.040(2.20%) |
Mkt cap ! $529.9M |
Open | High | Low | Value | Volume |
$1.84 | $1.88 | $1.83 | $585.2K | 316.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 126761 | $1.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.88 | 31281 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 126761 | 1.860 |
2 | 33135 | 1.850 |
2 | 6622 | 1.840 |
1 | 10000 | 1.830 |
1 | 20000 | 1.825 |
Price($) | Vol. | No. |
---|---|---|
1.875 | 31281 | 2 |
1.880 | 54534 | 2 |
1.885 | 2430 | 1 |
1.890 | 2430 | 1 |
1.895 | 2430 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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