$1.30 at the end of the day is the 1 year high after holding...

$1.30 at the end of the day is the 1 year high after holding around fairly low levels all year. I got lucky and got an order through early in the day.

I bought since the announcement said "ERF is progressing its strategic review of capital management options to address the prevailing discount ofthe traded security price relative to the Fund’s underlying NTA." So I guess that means a buy-back is on the cards, or some other option that I'm not sure about.

It sounds like they're honestly thinking the SP is quite low relative to the underlying value. Not like the usual ASX company announcements which may be true or complete fluff.

So I'm thinking either the SP will rise towards NTA, or I'll continue to get a good yield (or both). That's just assuming there's no bad surprise like write-downs, but the announcement didn't sound like it.