I agree.
May not be that long for dividends to get going with this also.
Some will say but what about the risks in China and their exposure there? Part of this is priced into valuations in the region I would say. If there are problems in China it would not even shock me if there is a bigger fall out in US shares because of such high valuations there and how global growth is connected. Australia's market and currency may not be so great either.
As you say, you can rely on them getting a buyback going if the discount gets much bigger here.
Ann: Weekly Net Tangible Asset Backing, page-8
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