Can someone explain to me why anyone would pay $1.60 for this LIC when it's NTA is less than $1.30?
I understand that they have about 3-4 years of guaranteed dividends but buying at such a premium doesn't make sense.
Why buy at this price?
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 (20min delay)
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Last
$1.06 |
Change
-0.020(1.85%) |
Mkt cap ! $216.3M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.08 | $1.06 | $253.4K | 237.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16500 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 8080 | 5 |
View Market Depth
| Last trade - 14.47pm 07/05/2024 (20 minute delay) ? |
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Last
$1.06 |
Change
-0.020 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| $1.08 | $1.08 | $1.06 | 111846 | ||
| Last updated 14.24pm 07/05/2024 ? | |||||
| WAX (ASX) Chart |