The intraday NAV is back to $1.59 on MGG's website. The Bull in...

The intraday NAV is back to $1.59 on MGG's website. The Bull in the US keeps running higher, and I think most people would expect it to continue to run for a while yet.

From 15th January, volume picked up in MGG significantly contributing to the downward trend. My assumption would be that sellers got in earlier, picked up the dividend, picked up the loyalty units and headed for a quick profit. - With the MGG dividend pencilled in for 3cents for the next 3 half years, I'm banking on this being a growth stock, with the value being added through the 5% discount to NAV on those dividends. - However, given this dividend policy, I don't think this stock will ever trade at a significant premium to NAV.

I'd say that at any price sub 1.60 this stock is a good buy. That said, it's easy for me to say 'buy' when I don't have any funds sitting in my account to buy with - but I'd like to think if I did, I would have averaged down on my original price.