George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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at last something positive from the bashing of "Russian" stocks.
This has been trading at a wide discount so price should tighten now.
had my first mortgage back in late 80s' so yes remember those days well!
interest rates are historicly very low, private equity will continue to thrive, even though interest rates will rise, i remmeber when rates were on average 10 percent. keep the faith.
this has been a good play and am absolutely not complaining... ie: trying to get private equity exposure without having massive funds for speculation. Question going forward is how far low rates have fed the private equity boom...do higher rates presage a slump in private equity's boom?
Not why this in particular is at such a discount ; think there is a prejudice against the company: have been comparing Emerging market ITs and no mention of Aberdeen’s EM IT, and it is in the top quartile performance-wise, unlike Templeton’s or Barings which got the column inches.
does anyone know why this is far below net asset value, wide discount any reason for this, look forward to a bit of advice
No it doesn't I'm confusing it with another share
The dividend has 20% tax deducted automatically, or at least the last dividend I received did
Topped-up a fortnight ago with the money from a GLEN cash return. Haven't looked across the investment trust space for a good while now but I'm getting itchy to sell out of some of my individual company shares and to put much more into ITs ( if I can identify the better performing with my crystal ball!)
totally agree.. bought on a whim in dog days of last year, that was lucky!
Price is well below NAV so lots of room for SP growth. Dividends already declared for the rest of 2020. A nice steady cash earning share :)
Let us see if and how they continue to perform. Bought in as a move to have some exposure to some unlisted assets as well as to diverse my portfolio a bit better.