Grant Challis, partner of Frostrow Capital, explains why boards trading at a premium should be managing share price volatility.
It is fair to say whenever the topic of investment trusts is raised, someone will mention discounts. More often than not, this will be to point out the negative aspects of discounts. Their existence is one of the reasons why investment trusts are considered so complicated, or to be avoided at all costs regardless of all evidence that suggests otherwise. However, some investors like discounts because they represent bargains. A discount can provide an attractive entry point to a trust or a sector that might have been on the ‘watch list’ for some time. Now I have a question for you: when...
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