LIC & LIT QV Equities - LIC - Small/Mid Cap (ex-ASX 20) - Australia

Yep I ended up moving my bid up to $1.235 and got collected on the way down.

 

Although I would call this a B grade opportunity due to relative strength being weak for some time....



....it is moving towards the improving quadrant and the technical picture does look reasonable for a long or accumulation opportunity.

Weekly price chart looks to be near completion of a W4 and decent place for an entry although I do have an alternate wave count that is less likely. Target 1.43/1.50 for W5 end. Then if the wave count evolves as per the script and following W5 is an ABC correction there should be a second chance (long way off) to re-enter at a similar zone to where we are now as an ABC correction has strong chance of ending in a similar zone to the end of W4.



No advice

 

Ah now I know why Anton T has lost his investing mojo. He’s too busy watching his Team’s soccer matches and losing money. And perhaps the reason he’s selling some of his QVE shares:

How Investors Mutual's Anton Tagliaferro ended up buying a soccer club in Malta

 

I bought QVE at 1.18, it went down to 1.15 at one point

 

QVE at around 1.135 today

 

More NTA premium/discount fluctuations than underlying portfolio performance from a 10 second look.

 

Picked up a $5K parcel at exactly this price today. Only time will tell if it was a good price to pay. As usual, looking for long term dividend growth from a high conviction funds manager.

 

I’m a bit jealous of you guys

Currently have too many bloody property expenses to tip extra in right now

 

You just gotta make sure that the IPs keeping its worth.... otherwise you know the next steps.

 

I woudn’t worry too much about it.

For ALL of us, money will run out well before opportunities.

 

Notice QVE share price is most volatile today. It must be due to PCers buying and pushing demand/higher prices!

 

Yeah I'm the same! Spent a fortune on my IPs in the last few weeks!

 

I might top up if it keeps dropping.

 

Yep... Called two agents yesterday about selling an IP. Want some funds freed up for opportunities in 2nd half of the year (or just keep regularly buying in).

 

QVE @ $1.11. Anyone interested at this price?

 

This is a good thread to look back over, plenty of excitement over QVE at premiums.

If one still has faith in the manager and ex20 mantra now might be the time, discount to NTA.

 

PGH (Pact Group Holding) which is QVE 6th largest holding is taking a bit of hammering today down over 8%. May be that is having some impact. PGH is not having good year is down more than 40% already.

Cheers,
Oracle.

 

GW maybe? Always possible.

 

PGH is only a 3.6% holding, so minor effect if any.

The market just doesnt think that IML has got it anymore, they have been hammered by the benchmark since inception. Personally, at current valuations if I was going to buy any LIC then QVE would be strongly considered. But I'm not

 

They also took bit of hit with their investment in FBU (Fletcher Building) I remember around 2016/2017 it used to be their top holding now doesn't show up among top 10. Price has come down from high of $10 to under $6.

Cheers,
Oracle.