Interesting. Hadn't really been paying much attention to this merger, but could be something there. The merger is a merger of equals - based on NTA backing alone.
Discount has narrowed as LSG has continued to slide, however both LSG and AUS are now trading around 20% below their pre-tax NTA. A fairly hefty discount.
Having said that, a number of the "newer" LIC seem to again be trading at a reasonable discount to NTA.
LSG
lion selection group limited
Interesting. Hadn't really been paying much attention to this...
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