LIC & LIT Listed Investment Companies (LICs) in 2017

Happy enough to start out and put some money to ARG, AFI, BKI, MLT & WHF, but now they are all operating at a premium to NTA. Just my luck that I get to a point, now have to wait further for better value. Should I wait or just invest regardless of discount/premium when I have the funds?

 

Latest NTA for MLT is $4.67 as at 30/11.Closed today at $4.63.

 

Certainly has been on an upward trend. I see the 12 month high is $4.67.
Maybe an unlicensed advisor can comment

 

what about some more FGX mate?

 

I have some and may add as the dividend grows.
More interested in any MLT discussion which I have many more of.

 

Monk - could you direct me to the latest NTA figures. I have Bell & Potter at $4.62 Pre Tax NTA for MLT (as of 4/12/17)

Thanks

 

On the ASX site,bring up & click on MLT & scroll down to ASX announcements.

 

Cool - thanks

 

Sorry, but where does the Bell & Potter info come in if it is more recent?

 

Guess the B/P info,when posted, is not as recent as the ASX info.

 

On a day last week when VAS increased a fair amount, MLT dropped off and slight discount to pre-tax NTA - I bought some MLT.

However, I now don't see the difference between AFI, ARG, AUI, MLT because they have such large funds under management that the best they can do is slightly overperform.

Conclusion, compare NTA and long trend to work out which one to buy.

P.S. overperformance will come because you won't lose as much as trader types who inevitably come unhinged, a satellite of solid smal/mid cap LICs run by proven managers - AMH, QVE, MIR to name a few, and of course a decent international exposure like VGS plus PMC / PIC / PGF / MFF (same rules apply, note recent post about US market overvaluation - try VGE).

 

Another week another proposed LIC IPO. The last LIC IPO frenzy in early to mid 2000 looks pretty mild now in comparison. One has to wonder ......

 

Wow! And receiving awards this year. Awesome. Where can I sign up?

FOMO ain't nowhere in sight for me plus I'm not having good vibes with the number of IPO's around.

 

Since we are talking roughly and I have 5 minutes.

(roughly) your investment would be worth $11,500 with dividends reinvested, tax and franking credits are another consideration. Yesterday's close was $4.63 and it closed at $4.63 on 4th July 2014, so any growth is from the dividends.

Not sure how this helps, hope it did.

 

@Hodor
You’re a legend!
Thanks a lot.
Those returns are pretty dismal tbh though tbh.

Blacky

 

Same here. Bought some MLT last week @4.59.

 

Annualised Portfolio performance (including dividends) going back 3 years from now is 6.7% pa, see below. Franking credits which add noticeably to performance are excluded.

 

July 2014 was a poor time to purchase.

As always you can get all kinds of results with different time frames and start dates. Do a lot better buying 6 months later

 

As above - depends when bought
$

$4.27 in 3/2017
$4.03 in 2/2015
$3.45 in 12/2012
$2.39 in 3/2009
Right back to $0.22 in 9/1983

 

Sorry, didn’t check. Just grabbed the latest report showing performance over different periods including 3 years.

Three years is a pretty short timeframe for a long term investor anyhow I would have thought.