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$7.45 australian foundation investment company limited

Ann: NTA & Top 25 Investments as at 31 August 2023, page-11

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Chris60

2,838 Posts.

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08/09/23

12:33

Post #: 69784549
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Originally posted by optimistus: ↑

After looking at them all earlier this year I started buying AUI simply because they seemed to have similar characteristics to AFI and ARG (but lower liquidity), comparable holdings and costs but were trading at a much better NTA discount at the time. I also think they've maintained a progressive dividend to date.

I initially laughed at CIN as an option because of their large holding in EVT (around a third of the fund's holdings) but with EVT's dividends now recovering I expect the CIN yield to improve. They have a very large discount to NTA.

Some of these have notable omissions in their holdings but as I typically have a good chunk of those stocks as individual holdings anyway I'm finding AUI and CIN a good proxy for the market adjusted for my individual holdings. I generally prefer some LICs to ETFs where they keep a portion of earnings for growth.

Absolutely not for everyone but given the NTA discounts they're worth a look for some.

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have a look at LSF and see what you think

AFI Price at posting: $7.00 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $7.45		Change 0.030(0.40%)		Mkt cap ! $9.382B

Open	High	Low	Value	Volume
$7.45	$7.46	$7.42	$1.859M	249.8K

Buyers (Bids)

No.	Vol.	Price($)
2	2538	$7.44

Sellers (Offers)

Price($)	Vol.	No.
$7.45	4763	3

View Market Depth

No.	Vol.	Price($)
3	4150	7.440
2	8417	7.430
4	11741	7.420
9	28855	7.410
35	58873	7.400

Price($)	Vol.	No.
7.460	5684	2
7.470	38468	3
7.480	4331	3
7.490	123663	7
7.500	122914	26

Last trade - 13.54pm 09/10/2024 (20 minute delay)

AFI (ASX) Chart

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