NAOS Ex-50 Flags Discount to NTA and Strong Yield in March Portfolio Update

NAOS Ex-50 Opportunities Co. Ltd. ( (AU:NAC) ) has provided an update.

NAOS Ex-50 Opportunities Company Limited reported a pre-tax net tangible asset (NTA) value of $0.61 per share as at 31 March 2026, with post-tax NTA of $0.70 against a closing share price of $0.625, indicating the stock is trading at a discount to asset backing. The company maintains a concentrated portfolio of 10 investments with a gross portfolio value of $45.8 million, a very low cash weighting of 0.17%, and a weighted average investee market capitalisation of $243.2 million.

The vehicle continues to focus on delivering a sustainable stream of franked dividends, having paid a total of 60.25 cents per share in dividends since inception and currently offering a 9.76% dividend yield based on the last four dividends. Director alignment remains high with 21.10% ownership, and internal estimates point to robust FY26 earnings growth across the portfolio, while the Dividend Reinvestment Plan is positioned as a key capital management tool to help investors compound returns without diluting existing shareholders when the shares trade below NTA.

More about NAOS Ex-50 Opportunities Co. Ltd.

NAOS Ex-50 Opportunities Company Limited (NAC) is a listed investment company that provides concentrated exposure to emerging Australian and New Zealand industrial companies outside the S&P/ASX 50, excluding resources. Managed by specialist fund manager NAOS Asset Management, which runs three LICs and a private fund for about 6,000 investors, NAC targets long-term capital growth and fully franked dividends with a responsible investing and ESG-focused approach. NAOS, a certified B Corp, emphasises stakeholder interests and positive social impact while operating a Dividend Reinvestment Plan that allows shareholders to grow holdings without brokerage, particularly using on-market purchases when the stock trades at a discount to NTA to avoid dilution.

Average Trading Volume: 43,449

Technical Sentiment Signal: Buy

Learn more about NAC stock on TipRanks’ Stock Analysis page.