Just reflecting on this stock. I first bought in 2013 and I cannot remember any bad news just steady share price and revenue gains. If only share investing was always like this.
Frankly, for a stock with a track record like LIC 15x P/E is still too cheap.
My only worry is the aging Aussie housing bubble. How would their business model stand a 30% downturn in the Victoria housing market? Still illiquid too.
That said, (sorry brag coming up) I sold a bit to re-balance my portfolio and I am now sitting on a nice free carry. From here on I'll just sit back and watch the divies roll in. Cold dead hands material.
3 years of good news.
Add LIC (ASX) to my watchlist
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Last
$12.09 |
Change
-0.150(1.23%) |
Mkt cap ! $1.471B | |||
| Open | High | Low | Value | Volume |
| $12.33 | $12.33 | $12.05 | $3.159M | 259.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1135 | $12.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.09 | 4033 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$12.08 |
Change
-0.150 ( 1.29 %) |
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| Open | High | Low | Volume | ||
| $12.26 | $12.29 | $12.06 | 292676 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| LIC (ASX) Chart |