Theoretically, LICs should be trading at a minor discount to their NTA post tax, as this is the value that can be extracted from the LIC if someone was to buy it out, ie. If you were to own 100% of the shares in AFI, you wouldn't be trumpeting about how your shares are worth $5.28 (according to the market), you'd be valuing them to how much cash you'll receive if you were to put AFI for sale, which works to about $4.2 per share.
AFI is currently trading at a 25% premium to the NTA, so not sure what you mean by AFI trading below the NTA per share? AFI was trading at a discount to the NTA around mid last year, but it appears the incipient bull market has sucked many into overpaying for the LICs.
Theoretically, LICs should be trading at a minor discount to...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AFI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.15 |
Change
0.010(0.14%) |
Mkt cap ! $8.948B | |||
| Open | High | Low | Value | Volume |
| $7.13 | $7.17 | $7.12 | $3.650M | 510.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1852 | $7.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.16 | 14008 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AFI (ASX) Chart |