Ann: Net Tangible Asset Backing, page-9

CTN really is struggling, which is quiet indifferent! I guess that large investment in Slater and Gordon cost them bigtime, as they didn't sell down before the crash in price, and it was a very large holding, their largest for a while.

As "No" said, CTN was one of the better performing LICs, outperforming most, including WAM up until 6 months ago. Its gone nowhere since then but down, and has missed out on the rise in the ASX. The next NTA will be vital, needs to bounce back at least 6 pc of NTA, i'm guessing more.

Still, they are a small and micro cap investor, and will be later in a bull market when they will really run, until then the solid blue chips will do better IMO, until confidence fully returns!

This is now my largest holding, just above ALF and CDM and VHY. But I'm wondering, should i be adding more at these bargain prices, or rebalancing my portfolio with some more WAM or CDM?