Stock updatesCompany specific news is always light in January...

Stock updates
Company specific news is always light in January while people are on holiday in anticipation of reporting season in February. But after the market closed on 31 January,360 Capital announced a long list of very positive deals. The upshot, assuming they all complete as expected, is that the company’s netasset value will increase to one dollar compared to a stock price of 78 cents at month end.The stock jumped 9% the following day, as you would expect when the company expects full year earnings of 16-17 cents and a six cent,fully franked dividend. Yet the stock remains extremely cheap. At the time of writing you can buy the company’s net assets at a 14% discountand you get the funds management business and excellent management for free.