current views, page-4

I hold this as a microcap diversification contribution to my overall portfolio (which is >50% ASX200/300 (STW/VAS) and 40% high div stocks from the ASX100). CTN happens to pay a high div as well and has a good record of outperforming ASX200. The DRP is particularly pleasing because of the significant discount to NTA (a small percent of equity is in effect
transferred from non-participants to participants).

But I agree with the prior poster, it really is about believing in the direction of the market, with the potential bonus of 20% if the NTA gap closes. I have puzzled over why this has large discount and why some listed investment companies trade at a consistent premium (eg, PMC, well at least until I bought some).

Was pleased to see a reasonable base line in CTN over the past 2 weeks, in other crises it has been butchered. Without knowing the NTA my guess is that the discount actually narrowed!