Guys just a bit of caution on this stock now at 11.5 cents. Well...

Guys just a bit of caution on this stock now at 11.5 cents. Well above NTA which is quite unusual for an investment company. I made the same caution comments last time I think it almost hit 13 cents, then after dropped below 8 cents when I said to buy.

I am out for the time being purely because of price, the management is still very highly rated. I just found myself buying directly more MMX & INA shares after I sold my MVT. So in the short term will probably have similar exposures. I just find it hard to own an investment company at a premium to NTA. We did see it drop last time this happened so anything is possible.

I doubt it will fall to a decent discount like it did last time. However does anyone think a capital raising might be on the cards? They are quite a small company, so while the price is strong to me it makes sense to raise cash for future opportunities and to reduce the management expense ratio a little. That way if they like some opportunities in the market right now they do not have to sell their stakes in other attractive investments they currently hold.