NSC 1.18% 42.0¢ naos small cap opportunities company limited

Why not deal directly?, page-33

  1. 335 Posts.
    Yoda thinks GW many times more honourable. But GW also opportunistic and a realist.
    Part of GW's M.O. is to buy LICs at substantial discount and agitate behind and/or in front of the scenes for the discount to close. GW will hold quite a few LICs if the opportunities are there.
    As far as CTN goes, if GW can get out at par or premium, yoda thinks he will take money and run. Too much time and effort for him to stir up the silent majority. Unless the rewards go up, commiserate with the effort. Like Wilsons managing CTN? Might mean he has to back track on his capacity constrain statement at the WMI ipo. Things do change and never say never?
 
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