How is it valued?

[Dabbler]

I am curious as to the value of this particular share, as it holds various good quality stocks and yet the price has decreased since it listed and occasionally it has perhaps peeked a little over the listing price of R100/share. Surely it should be worth the accumulated wealth of the underlying shares the company has invested in, as it used the money received at listing and bought shares over the past two years, which have grown well in capital terms. They distribute the occasional interest and dividend income, but no capital gain. Why?