Clutching falling knives, page-16

Wazz101,

The point I have been trying to make is that you are wasting your time on ACR as every time it will correct up sellers will knock it down again.

For a start if you are looking for steady capital growth with a good yield then it is very hard to go past WAM
Capital (WAM). The current share price is $1.985 & is paying an increasing stream of dividends. The current interim dividend is 7.0 cents with the final dividend also nominated to be 7.0 cents which is a yield of 7.05% & grossed up, allowing for franking credits, 10.07%. I have just taken up another $15,000 worth of shares at $1.90 on a special issue which is cum the 7.0 cent interim dividend.

Another is Australian Leaders (ALF) currently trading at $1.375 with an interim dividend of 5.0 cents & nominated final dividend of 5.0 cents which is a yield of 7.27% & grossed up 10.39%.

In an earlier post I was answering a query from Mita who suggested that LICs are not transparent.
LICs are very transparent as they list their net tangible assets each month along with their monthly performance. They also list their major holdings. Now that is transparent.

Mita said he would rather bet his money on a "dog" firm like ACR than a "dog" of an LIC with zero transparency.

From the above you should note that Mita has it 100% wrong.