Investors Voice Category: LIC
For incoming shareholders, it is illogical to pay a premium to the underlying assets, and for selling shareholders, discounts represent the inability to obtain the look-through value of their investment.
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4 years ago
One of the frustrations with listed investment companies, or LICs, is that they often trade for long periods at a discount to their net tangible assets, which reflects the current market value of the stocks in the portfolio.
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Angie Ellis regularly earns 40%+ per annum