A small LIC.
Invests in aussie midcaps.
Looks to me somewhat undervalued, has been for months
Last sale about $1
Last published NTA (Pre tax, undiluted, 31 Dec 07) was $1.51
when all ords was 6421 (those were the days)
I estimate Today's NTA to be $1.29 (all ords 5473).
Stock was issued with 1 $1 option for every 2 shares.
This means diluted after tax NTA would be about $1.12
No doubt option overhang has helped keep stock low.
However benefit in this climate is that there is some protection against stock going below $1
Has anyone got opinions on this stock?
A small LIC.Invests in aussie midcaps.Looks to me somewhat...
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