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Showing 51 - 60 of 132 results for "NTA"

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 ...

VGI Partners' dual pitch to investors

KANIKA SOOD | WEDNESDAY, 15 MAY 2019

... runs May 23 to June 6. The LIC takes long and short positions in global listed securities and has returned 17% on post-tax NTA basis since its 2017 inception. It currently has a market cap of around $700 million. "The VG1 equity raising is being undertaken ...

Perpetual raising $440m for credit trust

KANIKA SOOD | MONDAY, 25 MAR 2019

... securitised assets and private debt (mainly corporate loans). The management cost is expected to be 0.88% per annum of the NTA. Target total return is RBA plus 3.25% per annum and the trust is aiming to pay monthly distributions to unitholders. The portfolio ...

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Australian Unity to shed 195 roles

MATTHEW WAI | 12:42PM

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI | 12:34PM

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI | 12:17PM

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA | 12:29PM

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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