Hi Guys,
Just wonder who here subscribes to the DRP for either this company or any other LIC? I'm actually concerned by how easily they can get manipulated because of the lack of liquidity and volume.
For example AUI is currently trading at $7. Doing some very rough calcs the NTA is probably valued at around 6.85 or so and after reducing the dividend just paid it might be sitting around the 6.7 mark? So assuming this is true anyone subscribing to the DRP is actually paying more than the underlying NTA which isn't really fair.
For companies that keep records of the exact value of their share i'm not sure why this system exists. IMO it should be a direct discount to the actual NTA not an arbitrary value determined by the market over a relatively short timespan.
What are other peoples opinions on this?
Cheers,
Random
drp
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Last
$5.30 |
Change
0.020(0.38%) |
Mkt cap ! $1.136B | |||
| Open | High | Low | Value | Volume |
| $5.25 | $5.30 | $5.25 | $378.6K | 71.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1916 | $5.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.31 | 1883 | 1 |
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| Last trade - 14.17pm 07/11/2024 (20 minute delay) ? |
| DUI (ASX) Chart |
