NAOS Emerging Opportunities Company Limited

ASX:NCC

NAOS Emerging Opportunities Company Limited

ASX:NCC
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$0.460 (+1.1%)
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Pinned straw:
PeregrineCapital
Added 2 months ago

I have no words. Surely old mate Wilson is having a little sniff around the NAOS stable now. How is the NAOS even making any money as a manager at this stage?

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UlladullaDave
2 months ago

I am always impressed that they highlight the number of company meetings they attended. If that's the strategy, then it would seem it's not working.

86 months! No one is that good they can outperform their benchmark with a 7 year average holding period. Just nuts.93371d83164e2a074d2ba89ee595930934ea01.png

10
PortfolioPlus
2 months ago

Agree, the last rites are required here - no flowers by request.

Surely the future of small LIC’s is a subject for earnest discussion. Hopefully not many retail investors get fooled by the discount to NTA these days. Over the years managers have thrown the sink at closing the gap to no real avail. My cynical self thinks LIC’s to be a managers best super investment as frustrated shareholders literally go to sleep in the refrigerator and the manager buys them out for cents in the dollar. I saw it played out EXACTLY about 15 years ago. And I think two other guys are doing likewise right now.

7
PeregrineCapital
2 months ago

Worst thing is that these don't even really trade at a discount at the moment.

8