Actually around 2/3 of ASX-listed LICs trade at a discount to NTA, though only 1/3 of them at discounts like HHV's (or bigger).
If you want an investment portfolio like that of Global Value's - small-to-mid-cap value equities, around 60% overseas and 40% Australian - and you think Sirtex is a good investment, then this seems a decent buy. Even if the discount to NTA never goes away, it means the dividend rate is going to be ~10% higher than you'd get holding the companies involved directly (and the buy-back should stop the discount getting much worse than it is). Which compensates for the relatively high management fee (compared to something like AFIC).
Why not higher?, page-4
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PIA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.14 |
Change
0.013(1.11%) |
Mkt cap ! $292.5M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.14 | $1.14 | $179.6K | 158K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4435 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 26469 | 3 |
View Market Depth
| Last trade - 15.48pm 04/10/2024 (20 minute delay) ? |
| PIA (ASX) Chart |