Good pickup Squizzed - I may have gone overboard with that...

Good pickup Squizzed - I may have gone overboard with that assumption!

My estimate of 12% came from a company I randomly selected who rose equiry of $5m and had associated transaction costs of about 600-700k (which I thought were quite high but still went with that as my base assumption anyway.

In response to phiar, I believe that the current disparity is largely driven by the fact we have no CEO and the SPP, which is still on the cards. Don’t forget that they have only been trading officially as an LIC for about 4 months.

I’m not convinced this variance will persist into the medium term, as they become a more established and matured LIC. In fact, over the last few months, I have been actively taking advantage when the mispricing becomes large enough that I don’t assess a large risk to the downside.

Hoping that we see the appointment of a new CEO soon, with the necessary skills in fund management to kick things into gear again. Despite a flattering poster mentioning they’d vote me in for CEO, I can confirm I am just an analyst and haven’t put my hat in the ring

Cheers,

CappMan