The NTA accum was a 9.6% gain for the year vs 11.9% for the asx300 accumulation index, so not a horrible result. Because they're bank heavy it's most likely a result of that sector under-performing + the CHO merger adding additional costs. Add in the increasing discount to NTA (which is pretty wide-spread across all LICs) and that's what you're left with..
I was more worried by this quote by one of the directors in a recent announcement:
'We are currently considering alternative ways of assessing the performance of LICs and promoting this to investors and advisers so that the benefits of an investment in a LIC are better appreciated by all.'
Almost sounds like they want to turn into a retail fund.. what exactly is hard about comparing an increase in Net Tangable Assets + dividends against an accumulation index..
The NTA accum was a 9.6% gain for the year vs 11.9% for the...
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Last
$8.69 |
Change
0.080(0.93%) |
Mkt cap ! $6.615B | |||
| Open | High | Low | Value | Volume |
| $8.63 | $8.69 | $8.63 | $3.207M | 370.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 996 | $8.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.70 | 24988 | 9 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ARG (ASX) Chart |