Discount to nav15 Jun 2023 21:40
The fund managers job is to increase the nav, something SMT are very good at, the large discount to nav is what successful investors recognise as a money making opportunity. When the share price was 1500+ the pundits were telling us that it was an excellent share to buy, the same pundits were full of doom and gloom and telling us to sell when the share price was down near 600 , this is the opposite of what you need to do to make money on the stock market. I hope you were all buying in the low 600s with a large discount to nav, I was.