Maybe not; but that doesnt mean that the premium to NTA cant close till it gets close to NTA. We are in a period of sustained low interest rates and I would think that any sniff of capital gain along with a reasonable fully franked dividend would be enough to keep the share price at a premium UFN. Perhaps when interest rates increase to the norm, (whatever that is....) then there may be a withdrawal of cash into the money market which would result in a NTA/share price correction.
Dont disagree with what you say, but cant see things changing in the foreseeable future, (altho Ive been wrong before !)
Investment help, page-95
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