Eley Griffiths, page-67

@Stumpedup. Thanks for your contribution and for (me) for putting things into perspective. By that I mean that I also own the majority of those you mentioned, but I didn’t consider them to be LICs in the same way that Wilson Funds are. I hold RF1, which is actually an LIT. Phil King is certainly entrepreneurial and the SP fluctuates but generally over time trends up.
LSF I hold and recently topped up. They have had a bad month or two and I believed that the SP had been oversold. I hold the managers in great stead…… they were the ones that had a Chinese speaking medically qualified doctor on their staff during COVID and were receiving updates from China re the spread of COVID and its consequences. I also just recently topped up my holding in the listed version of L1IF which I thought was just a well managed international fund, only to learn that it was a “special situations” fund. L1IF has Macquarie as a market maker transacting trades in the listed fund and the LIC is managed exactly the same as the unlisted fund. L1 staff have been extremely efficient and helpful when I have spoken to them recently. Geoff actually rang me years ago and asked my opinion about WAR. I thought that investors would want the versatility of picking an individual fund and not want an amalgamation of them. More than happy I didn’t participate although a favourite stock WIC (Westoz) got “amalgamated” into either WAR or WAM and the results have never been as good as WIC.
WGB I hold and have also sold some. Average performance but the fund manager Catriona certainly knows her stuff and the companies in her portfolio. I also hold WMI and this traditionally has been a good performer with good picks when the small caps are running (which they haven’t in recent times). And good old GVF and Miles who seems to pluck these deals out of International “thin air” and produces good dividends with very sporadic capital gains and SP increases. It really has been a plodder, but in the right direction. HM1, I will really have to look into…… completely unaware of their reputation, managers, fund holdings and performance. As indicated, I have “gone off” LICs but will always keep my mind open to new opportunities.