Questions of the Week – NGE Capital and PM Capital Global Opportunities Fund

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Question: NGE Capital (NGE) - what are your thoughts on these shares? I am thinking of buying some for our SMSF.

Answer (By Paul Rickard): Thanks for the question on NGE Capital. Performance in calendar 2017 has been outstanding, but:

  • a very small LIC - market capitalisation around $13m;
  • trading at a very big discount to NTA - approx. 27% on 31 August;
  • 3 substantial shareholders.

Invest carefully.

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