Latest quarterly report: http://whitefield.com.au/component/phocadownload/category/1-quarterly-reports?download=53:june-2016
Same here. MLT also my largest holding. WHF around $4 would be of interest. Mind you it's often available at a nice discount. I haven't done the NTA calc but I'd assume it's currently at a discount. I do have a reasonable holding in WHF already and would ideally like BKI to lose favour so I can top it up cheaply.
Yes, James not Johnny. WHF did look like good according to his analysis. I take a longer view but the decision is the same. When he's back from Africa I'll see if he wants to post his fundamental analysis under each of the relevant LIC threads. Would be very useful and organised then. Here's the link to his analysis of WHF: Listed Investment Companies - Fundamental Analysis Listed Investment Companies - Fundamental Analysis (introduction)
Yes, pure industrial LIC (shame about the AReits) and often at a discount. Get me started on the wonders of Industrial shares then I'll rave on for hours. My favourite charts:
A Peter Thornhill favourite, any concerns with WHF's liquidity or lack of?? In relation to other older style lic's??
Nope, in it for the long term. It's all about income for us so unlikely to be wanting to sell in a hurry for capital. Hence liquidity isn't a concern. In fact can sometimes work in the buyers favour when soneone is trying to get out quickly.
just as for CIN , i would probably invest in the WHF preference shares in preference ( let them convert to normal shares later )
@Bran JHMTaylor should be back from his African safari shortly. He owns WHF preference shares from memory and knowing James he would have researched them thoroughly. So might be worth asking him.
I have the same thoughts Whitefield's Share Capital might help - it is a bit dense to digest (for some like me anyway).
I've never been a fan of fixed income and hybrids etc. I do shares / LICs and cash. Have no interest in messing around with stuff in between. Not helpful I know but just a view.
at a time in the future WHFPA = WHITEFIELD LIMITED 8.0% CUMULATIVE PREFERENCE shares and WHFPB = WHITEFIELD LIMITED CONVERT PREF 7.00% PERP SEMI SUB NON-CUM RES RED both convert in a certain number of ordinary shares you will have to research the gory details ( i don't hold WHF , WHFPA or WHFPB ) i do hold CAMPA which in April ( 2017 ) will convert into slightly more than 1 CAM share for every CAMPA at some time in the future the WHF should do similar