quote:Originally posted by Nigel

They have had some poor investments but my point is that their current holdings are performing well, and this value is not shown in the current shareprice.
Are you saying that the discount has got even bigger, or that the underlying shares that they invest in are undervalued.

I have considered investing - though of doing a play on the discount but if the discount never goes away, there is no play. Note: When I bought into WINZ it was at about a 10% discount. Not sure what it is now but it closed up jsut after my purchase (I consider this luck rather than planning but has made me think).