Hi @saintex
Yes I'm currently away so I haven't the time to watch the markets as closely as I usually do back home in Aus. Yes my MGF idea is only about a 5% position, I wouldn't usually be interested given the fees but the discount more than compensates. I'd expect the discount to narrow towards the 15% mark which I believe is fair given the track record of late and fees. This gets me to $1.42 fair value (NAV x 0.85) compared to asx price of $1.31, still attractive.
Cheers,
Plague.
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