I think it's par for the course with many new and small LICs run by managers that aren't widely known.
NCC traded at a significant discount until continued strong performance (ACQ well-placed for this I think) and high dividend payouts (ACQ wasn't envisaged as a high yielding vehicle) helped close up the gap.
Other small cap LICs such as OZG, 8EC, BST, and GC1 also have significant discounts. Others certainly used to as well.
Ann: Net Tangible Asset Backing, page-3
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Last
86.0¢ |
Change
0.015(1.78%) |
Mkt cap ! $71.22M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 86.0¢ | 85.0¢ | $30.80K | 35.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 73422 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 9999 | 1 |
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| Last trade - 15.33pm 25/11/2024 (20 minute delay) ? |
| ACQ (ASX) Chart |
