" not a rec, but just advising of an undervalued LIC, GC1....

" not a rec, but just advising of an undervalued LIC, GC1. Glennon Small Companies.I reckon about 30% discount but be warned it tends to be fairly thinly traded."

@peejay2 That's too funny! I have had my eye on GC1 for a little while and read their latest report yesterday and bought a small
parcel. I don't mind LICs being illiquid if I have faith in manager, as I am very patient, and I don't think I will exit this for awhile. I may go back in on Monday for another bite of this.
I noticed last night that MEC, Morphic Ethical Investements, are at a reasonable discount too and are managed by Ellerston. They are a very small fund and after a quick look it maybe something that I am interested in. I will have a deeper look at the stocks they hold over the weekend.
Yes RF1 have done extremely well over recent times and recovered amazingly. I have spent most of the last twelve months topping up on LICs that I already held and have been more than happy with that strategy... I like to know what I'm buying and spend a lot of time researching the stocks that are held by funds that I buy... It takes up an enormous amount of my time but it gives me great comfort that I know the portfolios intimately.
Like I said I have a bit of cash that I need to put to work and I am looking at freeing up a bit more soon. It is always good to chat with like minded investors and this forum certainly helps me discover LICs that I may have overlooked.

I think we hold in common, SEC, LSF, WLE and GC1.
Have a great weekend.

Regards, Cap.