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.