@nicleeson. Hi Nic, haven’t swapped stories for a while....

@nicleeson. Hi Nic, haven’t swapped stories for a while. Something that worries me about GC1 is the lack of relevant transparency. There are some terrific stocks in the PF but I think they are probably traded more than the average LIC and although the major stocks are listed in their monthly reports, sometimes it’s difficult to know if other “winners” are still in the portfolio. Personally, I would like to see (at least) the top 10 held in each monthly report, so I can have them on a watchlist and monitor their progress. In the latest monthly, I would have expected the performance to have been a bit better and also the NTA a bit higher. Michael and crew certainly pick some winners, but I would be happier if he emulated Geoff Wilson in his monthly reports. Not so worried about the discount to NTA, more worried about knowing what stocks are in, what stocks are out and the major holdings. I did quite well out of WIC and SEC because their holdings were fairly stable, could be put in a watch list and compared against the LIC SP, Using this method, I bought SEC at $1.29, now near $2.18 and WIC at .58 and .65 now well above a dollar.
No information is too much.... especially if you hold the stock !