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not to much on Carlton Investments ... at last trade $28.80 per share, still at a discount to NTA

NTA before providing for estimated capital gains tax $35.50 per share
NTA after providing for estimated capital gains tax $29.75 per share

The 20 Largest Equity Investments at 31 March 2021 are 84.4% of total portfolio:

Event Hospitality & Entertainment .... 37.6%
National Australia Bank ....................... 6.1%
Commonwealth Bank .......................... 5.3%
Westpac Banking Corp ......................... 4.6%
BHP Group ............................................. 4.3%
Wesfarmers ........................................... 3.4%
ANZ Banking Group ............................... 3.0%
James Hardie Industries ........................ 2.7%
Fortescue Metals Group ........................ 2.0%
Rio Tinto ................................................... 1.9%
Bank of Queensland ................................1.9%
AGL Limited ..............................................1.7%
Telstra ....................................................... 1.6%
Perpetual .................................................. 1.5%
Amcor ........................................................ 1.4%
Santos .........................................................1.2%
Bendigo & Adelaide Bank ........................ 1.2%
Coles Group .............................................. 1.0%
Gowing Bros. ............................................. 1.0%
APA Group ................................................. 1.0%

Term Deposits and Cash .......................... 1.1%

Total Investments and Cash ........ $939M

I was looking at it as a potential Corporate target for the new Wilson strategic fund. The size, nearly a bill, the presence of EVT at 38% and the 'old school' nature of the portfolio gives a few disincentives for anyone to take it over, or break it up.

But the risk of the one large holding renders the more risk averse unlikely to want to own it. Most likely a Falcon; solid, nothing fancy, badly in need of a tune-up and new paint job. And get the sacks of wheat out of the boot.

<blockquote data-quote="Dona Ferentes" data-source="post: 1118372" data-attributes="member: 66457">not to much on Carlton Investments&nbsp; ... at last trade $28.80 per share, still at a discount to NTANTA before providing for estimated capital gains tax $35.50 per share NTA after providing for estimated capital gains tax $29.75 per share The 20 Largest Equity Investments at 31 March 2021 are 84.4% of total portfolio:Event Hospitality &amp; Entertainment .... 37.6%National Australia Bank .......................&nbsp; 6.1%Commonwealth Bank&nbsp; .......................... 5.3%Westpac Banking Corp ......................... 4.6%BHP Group&nbsp; ............................................. 4.3%Wesfarmers&nbsp; ........................................... 3.4%ANZ Banking Group ............................... 3.0%James Hardie Industries ........................ 2.7%Fortescue Metals Group ........................ 2.0%Rio Tinto ................................................... 1.9%Bank of Queensland ................................1.9%AGL Limited ..............................................1.7%Telstra ....................................................... 1.6%Perpetual .................................................. 1.5%Amcor ........................................................ 1.4%Santos .........................................................1.2%Bendigo &amp; Adelaide Bank ........................ 1.2%Coles Group .............................................. 1.0%Gowing Bros. ............................................. 1.0%APA Group ................................................. 1.0%&nbsp;Term Deposits and Cash .......................... 1.1%Total Investments and Cash ........ $939MI was looking at it as a potential Corporate target for the new Wilson strategic fund. The size, nearly a bill, the presence of EVT at 38%&nbsp; and the &#039;old school&#039; nature of the portfolio gives a few disincentives for anyone to take it over, or break it up.But the risk of the one large holding renders the more risk averse unlikely to want to own it. Most likely a Falcon; solid, nothing fancy, badly in need of a tune-up and new paint job. And get the sacks of wheat out of the boot.</blockquote>

[QUOTE="Dona Ferentes, post: 1118372, member: 66457"] not to much on Carlton Investments ... at last trade $28.80 per share, still at a discount to NTA [COLOR=rgb(147, 101, 184)][I]NTA before providing for estimated capital gains tax $35.50 per share NTA after providing for estimated capital gains tax $29.75 per share [/I][/COLOR] The 20 Largest Equity Investments at 31 March 2021 are 84.4% of total portfolio: Event Hospitality & Entertainment .... 37.6% National Australia Bank ....................... 6.1% Commonwealth Bank .......................... 5.3% Westpac Banking Corp ......................... 4.6% BHP Group ............................................. 4.3% Wesfarmers ........................................... 3.4% ANZ Banking Group ............................... 3.0% James Hardie Industries ........................ 2.7% Fortescue Metals Group ........................ 2.0% Rio Tinto ................................................... 1.9% Bank of Queensland ................................1.9% AGL Limited ..............................................1.7% Telstra ....................................................... 1.6% Perpetual .................................................. 1.5% Amcor ........................................................ 1.4% Santos .........................................................1.2% Bendigo & Adelaide Bank ........................ 1.2% Coles Group .............................................. 1.0% Gowing Bros. ............................................. 1.0% APA Group ................................................. 1.0% Term Deposits and Cash .......................... 1.1% [COLOR=rgb(41, 105, 176)][B]Total Investments and Cash ........ $939M[/B][/COLOR] I was looking at it as a potential Corporate target for the new Wilson strategic fund. The size, nearly a bill, the presence of EVT at 38% and the 'old school' nature of the portfolio gives a few disincentives for anyone to take it over, or break it up. But the risk of the one large holding renders the more risk averse unlikely to want to own it. Most likely a Falcon; solid, nothing fancy, badly in need of a tune-up and new paint job. And get the sacks of wheat out of the boot. [/QUOTE]

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