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Showing 111 - 120 of 131 results for "NTA"

LICs versus ETFs

ELISE BURGESS  |  THURSDAY, 9 SEP 2010
... discount three years ago being 8.72 per cent. This compares to most Australia-based ETFs that reportedly trade at 1 per cent of NTA. "Any investment in a LIC should be for the long term and investors should be prepared to ride out periods where the LIC ...

Another LIC fails

MICHAEL HOBBS  |  THURSDAY, 8 JUL 2010
... a coordinated capital management strategy, to bridge the gap between the share price and the value of net tangible assets (NTA). John Pereira resigned from his role as chief executive of the India Equities Fund this morning. Don Christie, chair of the ...

India Equities Fund proposes return of capital

MICHAEL HOBBS  |  TUESDAY, 25 MAY 2010
... initially listed on the ASX in April 2007. The India Equities Fund has consistently traded at a discount to net tangible assets (NTA) since December 2007. The board tried a number of initiatives to close the gap including a coordinated capital management ...

Premium shareholders approve program

COMPANY RELEASE  |  THURSDAY, 20 AUG 2009
... included an immediate off-market equal access buy-back of up to 65 per cent of issued capital at a 1.75 per cent discount to NTA. The second resolution involved a further on-market buy-back over the next 12 months of up to 15 per cent of issued capital ...

Lonergan Edwards supports Premium buy-back

COMPANY RELEASE  |  MONDAY, 27 JUL 2009
... off-market equal access buy-back of up to 65 per cent of the issued capital at a 1.75 per cent discount to net tangible assets (NTA). "As the proposed buy-back price per share is greater than our assessed value of [Premium Investors shares] per share ...

ASIC charts margin lending requirements

MICHAEL HOBBS  |  TUESDAY, 14 JUL 2009
... advanced Tier 1 training. In the Consultation Paper 109, ASIC proposes that RG 166 be amended so that the net tangible asset (NTA) requirement in section C of RG 166 will apply to an issuer of a margin lending facility. Other proposals include the adjusted ...

Premium Investors outlines capital options

COMPANY RELEASE  |  THURSDAY, 9 JUL 2009
... 145 million. The price of the buy-back would be set at a discount rate of 1.75 per cent to the buy-back net tangible assets (NTA). The second proposal involves allowing the board to undergo an on-market buy-back at its discretion. If the board decides ...

Dixon criticises Premium buy-back scheme

MICHAEL HOBBS  |  WEDNESDAY, 8 JUL 2009
... equal access buy-back strategy would provide shareholders with the liquidity they need. "The problem at the moment is the NTA is significantly higher than the share price so as a shareholder the board needs to provide liquidity when they need it," he ...

Dixon action on Premium gains momentum

MICHAEL HOBBS  |  MONDAY, 29 JUN 2009
... addressing the discounted share price issue. "It is the firm belief of the board that Premium's recent share price discount to the NTA has been driven by the outperformance of the underlying assets, not being reflected in the Premium share price. The ...

LMW Invest teams up with Denison

COMPANY RELEASE  |  THURSDAY, 21 MAY 2009
... close-ended, illiquid syndicate has a five to seven year investment term. Unit price is $1.00 with a minimum investment of $10,000. NTA on fund launch will be $0.825 per unit.