LIC & LIT Why the love for Mirrabooka Investments?

I intercepted it. I now have your HIN and a transfer to my holdings will occur shortly.

Agree it should be available on the share registry web-site though.

And CHESS statements available electronically as well. The ASX has been working on it for a number of years but as I've said elsewhere brokers seem to be slack despite knowing about (no one had better tell me it was a total surprise to them.)

 

Final of 6.5c ff plus 2c ff special payable on 17 August. MIRNB holders receive 50%. DRP/DSSP at 5% discount. All of the dividend is subject to LIC Capital Gain discount - 12.14c for MIR and 6.07c for MIRNB.

Major transactions

 

Interesting to see where the Profit After Tax went.

 

Mandy got it right when she said "They would say that, wouldn't they."

"The head of small-cap fund manager Mirrabooka Investments says the upcoming reporting season will provide a critical insight into how companies are handling the weakening economy, and defended the fund’s performance after it shed 20.9 per cent last financial year."

‘Still ahead of the index’: AFIC’s Mirrabooka hit hard by market turbulence

 

MIRNB ceases trading today (commencement of DRP calculation date) and converts to MIR shares on 29 June.

 

DRP price is $2.94.

 

If MIR ain't going to send advice on the conversion of MIRNB to MIR, then I'd better use the relevant CHESS Statements I've received to create my own records.

Like, you know pps, the MIRNB had a different valuation to MIR at end of 2022FY so the SMSF has to explain the increase in MIR shares somehow for this FY.

 

Changing of the guard announced yesterday. Terry Campbell is to retire.

 

Wonder what he will do with his 3 million indirect shares

 

Up to him I suppose

 

Yep. Plus AFI shares I guess as he was on the board and Chair for many years.

Pub trivia.

His successor's, Mr Greg Richards, history which includes JB Were. Terry Campbell was CEO of JB Were until around 15 years ago and, while remaining as Chair for sometime, handed over to Craig Drummond who, by the way, is on the Board of AFI.

 

Don't forget the 4.79 mill shares in AMH and another 4.7mill shares for wife in AMH as well. Plenty of CB to go around the dinner table

 

This FY



Last 5 Years



Last 10 Years



And the last 20 Years

 

You're not helping @Redwing. @Nodrog has been woofing down Beefy meat pies by the dozen lately as a salve and to take his mind of this LIC. As for @Ross36 well with each stoke as he paddles out on his surfboard he is muttering, Bugger it! Bugger it! Bugger it!

 

What can I say, it’s a Buderim thing.

Must start a new thread called “Why all the hate for MIR”

 

The 2nd largest holding is ARB Corp, so I blame MIR for enabling all these annoying jacked up mini trucks on our roads. You might even say that MIR is enemy number 1 for us normal people who just want to park our cars in a shopping centre. You might also say that because of this enabling of the most gas guzzling, emissions spewing vehicles that any worthwhile ESG screen should tank MIR into oblivion, hence it is a dangerous investment. AVOID!

This is the best I could come up with....

 

May have some merit. However, following through with the concept also involves a number of other entities including one which a poster re-purchased not so long ago. No idea how they feel about it.

 

There’s so so many reasons not to own this piece of rubbish but to summarise:

 

Which LIC please? It’s not ARG.

I hope it’s not one I own. If I find out they invest in this MIR rubbish I’m dumping them.

 

A fan of The Simpsons appears on the list - Santos L Helper