LIC's attract a different investor profile than individual listed companies. The answer to why the discount lingers might be that the less researched investors are currently nervous about the market and have a lesser understanding of the vagaries which drive the market. I also agree with Geoff - some LICs will sell up if discounts are high and persistent. If you can pick which of these are on the cusp you can make a relatively safe and quick return. I have only managed to do so once in 25 years of investing and it was more by chance than managing to pick it.
LIC's attract a different investor profile than individual...
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Last
79.0¢ |
Change
-0.013(1.56%) |
Mkt cap ! $112.6M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.5¢ | 79.0¢ | $40.19K | 50.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 14148 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 34782 | 2 |
View Market Depth
| Last trade - 13.59pm 02/10/2024 (20 minute delay) ? |
| SNC (ASX) Chart |