Conroy Gold & Natural Resources, DCC, FBD Holdings, Irish shares, Irish value investing, Kingspan, New Ireland Fund, Paddy Power, Pageant Holdings, Papua Mining, TGISVP, The Great Irish Share Valuation Project, Zamano
Continued from here. If you’re only joining the series now, I recommend you first read my first TGISVP post this year. And so, without further ado, let’s dive straight into my next (random) bunch of Irish stocks:
Company: New Ireland Fund
Prior Post: Here
Price: USD 9.919
The New Ireland Fund is the only closed-end fund now investing in Irish shares. [Hopefully, when general Irish sentiment is sufficiently improved, Gervais Williams might see fit to launch a new Irish investment trust]. The share’s made decent progress in the past year, slightly exceeding my price target. This was really due to NAV appreciation, however, as the NAV discount remained steady around 12%. With Phillip Goldstein, of Bulldog Investors, selling much of his 13% stake in the past year, that’s a pretty creditable performance.