I listened Chris interview in livewire and felt he was quite negative on whole LIC sector. I am not a retireee and here is my reason for holding:
I am holding for some time and added more through AYS deal recently at an average price of 1.96. That means 15.5 cent yearly dividend would give me a grosss yield of 15.5/196*1.43 = 11.3%pa + any capital growth (though I am not selling) is a bonus! Not sure I would consider that a bad investment..
Some home truths - Livewire contributor Chris Brycki, page-4
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Last
$1.51 |
Change
0.000(0.00%) |
Mkt cap ! $1.685B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.52 | $1.50 | $729.7K | 483.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 44998 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 50110 | 4 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| WAM (ASX) Chart |