Sounds a bit confusing. Is it that there are same individuals making the key decisions for each of the vehicles and hence the comment comparing the valuations of them? But I would have thought if the buyback stacks up for RAT on its own merrits then does it really matter what is happening with the others?
Anyway Rjt is the one I follow and at a guess at todays close it might be approx 37% discount to NTA. What do you guys make the others at?
buy back, page-12
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