Interesting thoughts. I think the story mainly lies with the impressive investment performance and daily NTA prints which, since I bought in about a month ago, seem to climb 80% of the time (seemingly equally so in flat and down markets) and have consistently been good since the one down year.
The strongest votes of insider confidence for me are when the 'key man' such as Geoff Wilson and Chris Mackay voluntarily (beyond dividend reinvestment) and energetically accumulate greater holdings of the LICs they manage.
About 5-10% discount from pre-tax NTA feels about right to me over the next two or three years, reflecting the risk of the company. Apart from sustaining the investment performance, as others have said establishing strong form with regards to dividends will be key to trimming this or even reaching and sustaining a premium.
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Interesting thoughts. I think the story mainly lies with the...
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Last
$3.13 |
Change
-0.020(0.63%) |
Mkt cap ! $1.948B |
Open | High | Low | Value | Volume |
$3.14 | $3.16 | $3.13 | $795.8K | 253.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 13281 | $3.13 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.16 | 31727 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 13281 | 3.130 |
3 | 42559 | 3.120 |
1 | 10014 | 3.110 |
2 | 14835 | 3.100 |
4 | 36456 | 3.090 |
Price($) | Vol. | No. |
---|---|---|
3.160 | 31727 | 5 |
3.170 | 14500 | 3 |
3.180 | 11875 | 2 |
3.190 | 38949 | 4 |
3.200 | 23347 | 4 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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