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Showing 41 - 50 of 124 results for "NTA"

First Sentier bolsters board of directors

ALLY SELBY  |  THURSDAY, 6 AUG 2020
First Sentier Investors has appointed a non-executive director to its board, following the selection of two other independent directors. Susie Rippingall has nabbed the role, and will join recently appointed non-executive directors Michelle Tredenick ...

360 Capital eyes LIC

KANIKA SOOD  |  FRIDAY, 17 JUL 2020
... Melbourne-based Elstree Investment Management acts as the responsible entity. AYF was trading at a discount of 7.4% to its NTA as at May 29. It market cap stands at about $18 million. "360 Capital has been in discussion with AYF management for some time ...

Bennelong swoops on LIC trading at discount

KANIKA SOOD  |  MONDAY, 13 JUL 2020
... share price, and improving liquidity," AEG said in company filings. As at May 29, AEG was trading at a 5.2% discount to its NTA. Since its inception in 2015, the NTA has grown by 7.08% p.a. The LIC's board is currently weighing the offer. It includes ...

WAM makes replacement bid for Keybridge

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
... price should be compelling to Keybridge investors given it has historically traded at a discount to its net tangible asset (NTA) backing. "Over the three-year period from 31 July 2016 to 30 June 2019, KBC shares have, on average, traded at a 30% discount ...

WAM responds to Keybridge claims

ALLY SELBY  |  FRIDAY, 5 JUN 2020
... 12 months for KBC to disclose this investment to shareholders, despite it representing approximately 50% of KBC's current NTA," it said. "KBC shareholders have now only been notified of the related party nature of the transaction with Mr Catalano, a ...

Plan for the worst, hope for the best

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... there will still be opportunity over the medium term. "Before the market fell, the larger LICs were trading on average around NTA. It tended to be in the mid and smaller LIC's were at the discount," he said. Although discounts have increased on LICs ...

Fixed income liquidity squeeze bites

KANIKA SOOD  |  THURSDAY, 2 APR 2020
... head of real assets and listed strategies Dugald Higgins says. "For equities LICs, the dispersion of the portfolio return (NTA) and the shareholder return {unit price) tends to be +/- 15% in a year but over five years, it can be a lot lower at around ...

Ellerston, Morphic look to oust Perpetual

KANIKA SOOD  |  WEDNESDAY, 18 MAR 2020
... Investors (EGI), to an unlisted structure. The goal is to eliminate the discount between EGI's net tangible asset value (NTA) and the share price - which was the subject of shareholder and former Rothschild banker David Kingston's fury in October ...

Ellerston LIC chair resigns

KANIKA SOOD  |  THURSDAY, 20 FEB 2020
... unlisted fund, the Ellerston Global Mid Cap Fund. The goal is to eliminate the discount between EGI's net tangible asset value (NTA) and the share price - which was the subject of shareholder and former Rothschild banker David Kingston's fury in October ...

Vanguard hires PM Capital sales director

KANIKA SOOD  |  WEDNESDAY, 11 SEP 2019
... million through a specially-developed converting security called PTrackERS which gave the investors the option to redeem at NTA or convert it into shares of the PM Capital Global Opportunities Fund (ASX: PGF). It recently listed its enhanced yield fund ...