The last twelve months appear to have been good for Altin. Its NAV has grown 5.0%, providing support for its stance that it offers a lower volatility solution with distinctly different sources of return, and its discount has narrowed, boosting share price returns (11.7%). Despite this, a major shareholder (32% holding) is requesting a dividend equivalent to 28.2% of Altin’s net assets (which could have tax implications for some investors) and the replacement of three of its four directo

02 Mar 2016
A vessel for volatile seas?

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A vessel for volatile seas?
AltynGold Plc (ALTN:LON) | 384 69.1 5.0% | Mkt Cap: 105.0m
- Published:
02 Mar 2016 -
Author:
Ed Marten -
Pages:
19 -
The last twelve months appear to have been good for Altin. Its NAV has grown 5.0%, providing support for its stance that it offers a lower volatility solution with distinctly different sources of return, and its discount has narrowed, boosting share price returns (11.7%). Despite this, a major shareholder (32% holding) is requesting a dividend equivalent to 28.2% of Altin’s net assets (which could have tax implications for some investors) and the replacement of three of its four directo