RE: Simply Ridiculous Discount to NAV14 Jun 2023 18:27
If this never distributes any gains - as it hasn’t had any - or pays any dividends - highly unlikely. Then why would people be encouraged to buy. Funds like this usually pay dividends or eventually liquidate if it’s at a crazy discount to allow investors to cash in. That’s another no here. It’s ran by amateurs. Does it matter if Ed suddenly said Yooma was worth £50m to the fund and its NAV has tripled - might gain a few pence. He’s actually ruined his own fund. He’s a laughing stock.