I would expect to see the SPP at less than $1.40. The miriad of...

I would expect to see the SPP at less than $1.40. The miriad of SPPs already held were significantly throttled back, so SH should still have some small change in their pockets. I too like a portfolio with as small a risk factor as I can, but I don’t restrict any particular stock to a 5% holding. I like to let my winners such as RHC and CSL and in the smaller space, WIC run. My wife’s portfolio is probably something like 90% CSL, but she still has a balance portfolio with a bank, AMC, an ETF and a couple of LICs. My preference is to look at the quality, rather than the quantity although as Warren Buffet says, the #1 crime is not to lose capital and as we are all in different stages of our investment journey. As an LIC holder, you may be interested in SEC and CDM both trading at in excess of 30% discount to NTA. CDM has revised its investment philosophy and has a mix of International stocks and Ozzie ones, in the right area and SEC although being a slow mover, has reiterated that they won’t overpay for stocks and are sticking to the fundamentals. DYOR.