So now things are going to get a little interesting. Given market movements over the last couple of days NAV shouldn't be all that far away from $2 after tax basis, before last nights move. Yes, before anybody bothers to point it out again we all understand the LIC had a horrible start. Been there done that, move on.
Fortuitous, lucky, call it what you want but based on what they had to say yesterday, the portfolio appears pretty well positioned for a vaccine induced rebound in unloved COVID stocks. Would still like to see the discount close up a touch more but these things take time. There have been plenty of times I wished I didn't own these. Been very happy with them for most of this year. Good to see that their positioning is paying off to some extent. Expect that market movements should see NAV push strongly back up through $2 over the next week.
LSF Price at posting:
$1.57 Sentiment: Buy Disclosure: Held
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