Ann: Monthly Performance Report - March 2023, page-2

The worst 1 year performance of all the LIC on my watchlist.

The sad thing is that Steve has great ideas but do not include them in the fund because they are not contrarian enough.

I looked into and eventually bought DBI following his article in livewire back in Sept 22.

https://www.livewiremarkets.com/wires/there-are-20-stocks-with-yields-higher-than-10-on-the-asx-here-s-why-this-fundie-hasn-t-invested-in-a-single-one

While it is nowhere near the highest, Johnson believes that Dalrymple Bay Infrastructure (ASX: DBI) is one of the "most sustainable" yielders in the market.

"This is a really predictable, reliable infrastructure asset that is generating a properly regulated return that you're going to get year after year. It's about as low risk as they come," he said.

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DBI is up 30% since the article was published while paying 8% dividend.
The low risk must have been a turn off for Steve and the stock never made it into the fund....