mark20690
13 Mar 2018
Realization The company realised one of their investments with an almost 50% mark-up on NAV. It is sitting on a considerable amount of cash, raising the possibility of a capital return. The shares trade at a discount of more than 40% which I think is considerably overdone. (I have shares in this company, and I have recently added to my holding as the discount widened).
AJCB
22 Dec 2014
Re: Value opportunity I agree. I bought more today.
mark20690
22 Dec 2014
Value opportunity JZCP now trades at a 37% discount to NAV and the dividend yield is 4.7%. The shares have been trading down this year, despite a slightly rising NAV. I consider this discount exceptionally and unjustifiably large. The majority of investments is exposed to a growing US economy, with the remainder in mostly Spanish and German companies. I have recently increased my investment in JZCP because I believe it provides an opportunity to buy into the expanding US economy without having to pay for the sky-high valuation at which the S&P trades. Eventually, the discount will narrow, providing relatively low-risk gains. Even a narrowing of the discount to 20% would mean a gain of 27%.
