I bought some SIGG on Friday after seeing a tweet about it. I’m writing this up quick so i’m vague on the details but go look for yourself. They are a closed fund that hasn’t done too well since it started several years ago. The share price has drifted and now stands a whole lot lower than the NAV. The NAV is 92p or thereabouts and the price to buy is about 55p. Ok so this disconnect between NAV and SP might continue forever…. but we have a potential catalyst.

They announced last year that they were wrapping up and liquidating the fund!! Great news for shareholders. The only catch is it will take a while. Around 35% is planned to be liquidated over 2013 and beyond that timescales are not known. Still there could be a cash return soon and this could spark interest and a narrowing of the SP and NAV.

Limited downside and lots of upside!!