Perpetual Credit Income Trust (PCI)
In Wednesdays report you discussed PCI. It looks a reasonable income proposition but I'm struggling with paying $1.15 (13/11/25) against NTA $1.10. Has it run consistently above NTA?
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Answer
Hi Ian,
A good question, we discussed PCI in detail Here on Wednesday as you highlighted. It has traded above NTA mostly in more recent times. The chart below shows NTA v share price over time.
While we would much prefer to acquire this at NTA, we could handle a cent or two above. From a timing perspective (if thinking about puchasing), it may pay to wait until the new securities are issued under the current entitlement. Given this is a 1 for 2 issue (i.e. quite big), we could easily imagine a bit of weakness pushing the price closer to NTA when new units are issued at $1.10, and start trading on the 3rd of December.
chart
Perpetual Credit Income Trust (PCI) NTA vs Share Price
chart
Perpetual Credit Income Trust (PCI) NTA vs Share Price
