LIC & LIT Listed Investment Companies (LICs) 2019

Discussion in 'Shares & Funds' started by Nodrog, 1st Jan, 2019.

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  1. mvsim

    mvsim Member

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    Thank you @Snowball for your reply. I have had a bit of analysis paralysis set in lately, lol, and I needed to be reminded to keep on buying when you have the cash :)
     
    mvsim, 18th May, 2019
    #961
  2. oddshapes

    oddshapes Well-Known Member

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    I'll be looking to make some purchases next week.
    I've gone through my LICS of interest and have come up with the following discounts to NAV (assuming my calcs are correct):

    ARG - 5.01%
    MLT - 6.46%
    AUI - 9.70%
    WHF - 12.42%
    BKI - 11.11%
    AFI - 4.87%
    DUI - 10.60%
    MIR - 2.13%
    QVE - 9.86%
    PIC - 12.24%
    DJW - 1.88%

    I hadn't looked at it for a little while, one that surprised me was MIR which is now at a discount.
     
    oddshapes, 18th May, 2019
    #962
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  3. Barny

    Barny Well-Known Member

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    Now that liberal have won, are we thinking lic's will increase as of Monday?
     
    Barny, 18th May, 2019
    #963
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    all the worry over labor's proposed changes a waste of time and energy!
     
    Terry_w, 18th May, 2019
    #964
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  5. Blueskies

    Blueskies Well-Known Member

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    Yes
     
    Blueskies, 18th May, 2019
    #965
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  6. Blueskies

    Blueskies Well-Known Member

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    Should have bought on Friday, hard to say by how much but I expect this discount to significantly evaporate by the open on Monday
     
    Blueskies, 18th May, 2019
    #966
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  7. Nodrog

    Nodrog Well-Known Member

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    Not totally. If it results in investors being more diversified to avoid future scares it’s not a bad thing.
     
    Nodrog, 18th May, 2019
    #967
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  8. Observer

    Observer Well-Known Member

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    Surely looks very promising for libs. What a relief! I think asx will get quite a boost on Monday open.
     
    Observer, 18th May, 2019
    #968
  9. ChrisP73

    ChrisP73 Well-Known Member

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    +1 on this

    It’ll be fascinating to watch LIC discount/premium to NTA over the coming weeks and months......
     
    ChrisP73, 18th May, 2019
    #969
  10. Nodrog

    Nodrog Well-Known Member

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    Need the US markets to crash now.
     
    Nodrog, 18th May, 2019
    #970
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  11. SatayKing

    SatayKing Well-Known Member

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    Only if one was worried in the first place.
     
    SatayKing, 18th May, 2019
    #971
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  12. Silverson

    Silverson Well-Known Member

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    This 100%
    It's hard when the goal posts keep moving. However as you stated a successful investor can continue to push forward and adapt regardless of the policies, those who adapt survive.
    With the brakes still on at the banks the housing market might not get the full effects from the Libs victory, this in my opinion will translate into a large influx of funds into the sharemarkets, will in be a boom the bust maybe, dollar cost average is your friend in my humble opinion
     
    Silverson, 18th May, 2019
    #972
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  13. Nodrog

    Nodrog Well-Known Member

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    Up late again! Another night at the restaurant?
     
    Nodrog, 18th May, 2019
    #973
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  14. Islay

    Islay Well-Known Member

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    This is true @Nodrog. For some of us it has shown where we may need to be more diversified and in my case less Australian focused. I will be increasing our international holdings in future
     
    Islay, 18th May, 2019
    #974
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  15. SatayKing

    SatayKing Well-Known Member

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    What @oddshapes nothing from the GW stable in your list?

    As for the next round of the reporting season it'd be hilarious if there was only partial franking. Sorry folks. We ran our franking bank dry last year because you know there was an election around the corner.
     
    SatayKing, 19th May, 2019
    #975
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  16. oddshapes

    oddshapes Well-Known Member

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    No, not for me but I'm sure he's feeling very happy this morning. I wonder if he started to fill out all the paper work to change over to LIT?
     
    oddshapes, 19th May, 2019
    #976
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  17. Nodrog

    Nodrog Well-Known Member

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    I reckon Geoff Wilson will be still celebrating.
     
    Nodrog, 19th May, 2019
    #977
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  18. Coconutwheels

    Coconutwheels Well-Known Member

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    I bought some ARG and BKI on Wednesday, this will prob be one of those times I look back on and say to myself, why didn't you buy more when they were "obviously" on sale.

    I was going to buy MIR, but chickened out as I haven't done any of my own DD on it, to know exactly what I'm buying.

    I haven't reloaded my trading account yet, so hepefully discounts don't evaporate too quickly.

    ABC has been quite comical this morning, as they all cry in their weeties over labours "big bold plans". Mind you, it would have been me crying in my weeties if they won
     
    Coconutwheels, 19th May, 2019
    #978
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  19. Nodrog

    Nodrog Well-Known Member

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    The election outcome changes very little for me in regard to strategy. Portfolio / fund structure diversification continues.
     
    Nodrog, 19th May, 2019
    #979
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  20. Islay

    Islay Well-Known Member

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    Yes, the only thing for me has been a reminder to keep an eye on diversification. Very pleased for others though who would have been effected by a change of government
     
    Islay, 19th May, 2019
    #980
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