Despite substantial buying by directors and buybacks, a large SP-NTA gap seems to be a permanent feature of this fund. There could be stronger anti-gap measures. For example, the buyback's SP-NTA gap target is 10%. Why not zero?
If the fund was liquidated then shareholders would receive the NTA, which is sometimes nearly 20% more than the SP.
The SPP announcement of 21/08/19 states that "The Directors are fully committed to furthering the best interests of all shareholders." In my opinion this should mean that at every AGM there would be a vote on liquidating the fund. Either the gap would disappear, or game over.
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