Thin slice of LIC
LIC shares have intrinsic value, as they embody a right to a slice of its earnings in perpetuity that aren’t subject to market fluctuations. Dividends could rise if post-listing market discipline spurs efficiency at LIC, but with such a thin slice of ownership going public, this effect will be muted
LIC shares have intrinsic value, as they embody a right to a slice of its earnings in perpetuity that aren’t subject to market fluctuations. Dividends could rise if post-listing market discipline spurs efficiency at LIC, but with such a thin slice of ownership going public, this effect will be muted