Welcome to our Q&A page. This is the best place to ask us questions that relate to stocks, recommendations and investing generally. Within those parameters, we'll try to answer any questions you might have, although at busy times it might take a few days for us to respond.
Latest Q&A With Our Experts
Hi guys. I'm trying to work out the difference between the LIC MFF's trading price (about $1.87) and its reported NTA. The most recent NTA report says $2.31 pre tax (less 1c dividend) and $1.965 post tax. Then we have a paragraph about 2017 options which, if exercised, would reduce the NTA by a further $0.166 (approx). So...putting that together... does this make the post-tax NTA $1.965 - $0.01 (dividend) - $0.166 (options) = $1.789? If so, then at $1.87, MFF is trading above it's NTA, right? Can you please clarify? Maybe I've gone wrong somewhere. I hold a large chuck of MFF in my SMSF, which I bought at an average of $1.92. It's gone nowhere for about 18 months (well that's not true, it's went down a lot but recovered a bit recently) and I'm not sure whether to hold onto it... Thank you and Happy Easter!
Hello, For those off us looking into buying into Forager Australian Fund, as it trades at a premium to NTA how would you go about assessing its value or how much extra you should be prepared to pay. For instance, if you believe it will continue to outperform the market and achieve returns off 5% above the ASX per year how much of a premium should we be prepared to pay for this return. Is there a formula you are aware off. Or alternatively what are your thoughts on investing in funds that trade at a premium to NTA. Regards, Anthony
Regarding PAI - when can we expect a dividend to be paid?
Apparently URB Investments failed to list on ASX as scheduled in the prospectus. Why? It appears from media reports that URB only raised $100m of the $300m sought. What are URB Investments saying to investors? What is the likely outcome for investments in URB given this smaller capital raising ? Bruce 10 April 2017
PIC is currently trading at $1.02 and at that price is trading at a discount to NTA. I am considering purchasing 30,000 which would be about 5% of my portfolio. Is this LIC still rated a buy ? If so at what entry price. Thank You, David
Hi Alex, I read your article and listened to the podcast on Thorn Group. One of the your comments that stuck out to me, was that you believed the recent issues with ASIC weren't systemic or deliberate. There was an announcement that the CEO resigned on Friday. He'd been working at the company for 25 years and it seems like odd timing, just a few weeks after the class action against them was made. Does this change your opinion at all? Thanks Dan
I don’t understand the concept of selling shares to crystalise capital profits prior to the introduction of the $1.6 million cap. Why would this need to be done, as the shares are shown at their market value each year and as a result the gains have already been recognised?