CHO 0.00% $4.80 choiseul investments limited

Very happy to see the announcement from CHO and MLT today re the...

  1. 477 Posts.
    Very happy to see the announcement from CHO and MLT today re the tie-up between the two LICs. In fact I asked whether this would one day happen at the most recent MLT AGM and the chairman's answer was a clear 'no'.

    A merger would mean a lower MER for all shareholders, and therefore higher returns. Also with CHO shares being exchanged for MLT shares, this should narrow the SP:NTA gap for CHO. End-of-July figures are 7.8% discount to NTA for CHO, and 4.7% discount for MLT.

    What are your thoughts?
 
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