Choiseul (CHO) has performed strongly over the last month,...

Choiseul (CHO) has performed strongly over the last month, outperforming its sibling LIC Milton Corporation (MLT) as well as the all ords.

For the period 31 August to 30 September, CHO's NTA increased from $5.07 per share to $5.41 per share announced today. This represents a rise of 6.71%.

MLT's NTA increased from $17.02 to $18.15 per share or 6.64% (admitedly only marginally smaller).

For the same period the all ords increased from 4484.1 to 4739.3 or 5.69% (this is around 1% less than CHO).

Most significanty, today CHO closed at $4.95, a discount of 8.5% to the 30 September NTA!

MLT closed at $17.99, a discount of only 0.9% to NTA.

I recommend CHO as a strong buy and given it's significant discount to NTA it is likely to outperform in the short term.

Dreamcatcher