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Showing 51 - 60 of 124 results for "NTA"

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 ...

WAM names prospective Blue Sky LIC team

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
... whom the letter was addressed. "We believe we have the ability to return the BAF share price to a premium to its underlying NTA and then grow the company," Wilson said The newly-constituted board of BAF is considering the update as it finalises the manager ...

Pinnacle drops fees in Blue Sky fund bid

KANIKA SOOD  |  MONDAY, 5 NOV 2018
... managers have put in proposals to gain the management of the listed investment company that has traded at a discount to its NTA, as it separates from its current manager Blue Sky Alternative Investments Limited (BLA). Aware Water Group has also made ...

Blue Sky LIC gets a new suitor

KANIKA SOOD  |  WEDNESDAY, 24 OCT 2018
... Fund (ASX: BAF). The LIC has been managed by Blue Sky Alternative Investments and has traded at a significant discount to NTA. The details of the WAM proposal are not known yet. "[BAF's neon-executive directors have] requested further detail regarding ...

New Pinnacle affiliate to manage Blue Sky LIC

KANIKA SOOD  |  THURSDAY, 18 OCT 2018
... Why the split? The Blue Sky Alternatives Access Fund has been trading at a significant discount to its net tangible assets (NTA). The LIC was managed by Blue Sky (BLA). Blue Sky said its discounted fee arrangements with BAF did not sufficiently compensate ...

Firetrail calls off $305m IPO

KANIKA SOOD  |  WEDNESDAY, 17 OCT 2018
... shareholders was increasingly concentrated and so there was a risk of illiquidity and the LIC trading at a discount to the NTA, which wouldn't have been in the best interest of our clients," founder Patrick Hodgens told Financial Standard. The strategy ...

Blue Sky refunds $4.1m overcharge

KARREN VERGARA  |  FRIDAY, 28 SEP 2018
... Sky told investors and ASIC on 31 August 2018 that it breached its AFSL requirement by not meeting its net tangible asset (NTA) requirements in June, July and August. The breach arose from the time Australian Executor Trustee was the custodian of Blue ...

WDE board pushes for takeover

KARREN VERGARA  |  THURSDAY, 27 SEP 2018
... "potential significant premium to WDE's volume-weighted average price prior to the bid and above both the pre and post-tax NTA of WDE as at 31 August 2018." Based on an independent assessment by Grant Thornton, Schoenheimer said the consultant concluded ...

Advisers warming up to LICs

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
... of greater than $100 million take up $36.5 billion of the $42 billion in total FUM invested on the ASX in them. Premiums to NTA are more common, especially in larger vehicles. One solution would be to calculate and publish NTA more frequently, but Clayton ...