Dod101 wrote:I suppose 1446.35p fair means calculated at fair value. The Google definition does not get me much further but I think for our purposes we can accept that it is a reliable value. I do not think that Baillie Gifford are given to inflating values.
I would imagine that the BG is the more up to date and most ITs do a daily valuation so I think that that plus the current share price would suggest that the NAV is currently around the 1446p mark. All looking good.
Dod
Per today's RNS announcement NAV at the close of business last night was 1447.58p on a cum fair basis
they give 4 different figures
Cum Par NAV: Net asset value per share in pence, including income, with debt at par value.
Cum Fair NAV: Net asset value per share in pence, including income, with debt at fair value.
Ex Par NAV: Net asset value per share in pence, excluding income, with debt at par value.
Ex Fair NAV: Net asset value per share in pence, excluding income, with debt at fair value.
There is only a few pence difference between them (range 1446.85 to 1452.99)
The 'fair' bit means that debt is taken at market value rather than nominal value
BG publish these figures every day on the Stock Exchange RNS
https://www.londonstockexchange.com/new ... s/15127724