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.
Hey folks, I see things differently from everyone else here. I...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VG1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.82 |
Change
0.005(0.28%) |
Mkt cap ! $508.0M | |||
| Open | High | Low | Value | Volume |
| $1.82 | $1.83 | $1.81 | $987.6K | 542.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4024 | $1.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 41897 | 3 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| VG1 (ASX) Chart |