@Stumpedup Good Pick up ! As I said, I picked up some more the other day believing that they had been overly harshly treated due to a bad month. Geez, 1-2 bad months ? Half the fund managers would be out if they were punished as badly as LSF !
Re SEC, SEC can bump along fairly consistently just under NTA, but occasionally, just occasionally, they will drop to an unreasonable level which makes them ripe for a buy. In May 23, They dropped to $1.73.5 when the going price was near $1.85 and i just happened to be there. Bring up a 3 year graph and you will get the idea. They were the ones that I got the tip off from re SNL when during a video update, Matt Brooker inferred that SNL was worth (50) times their current value ! He was saying "buy with your ears pinned back. They were $19 and I bought 500 (yeah I know, big spender me !) They are a substantial portion of the SEC portfolio and are now near $30. I think I mentioned that I never div reinvest, but with SNL the div is capped at $20.00 so you win every way. The SP did not drop ex div AND you get your divvy $10.00 cheaper ! LSEC is a fairly canny picker upper of undervalued stocks and last ? financial year, they had 4 stocks taken over in quick succession.
Thanks to you, I completed my Schroders Application today and funds have to be in by 11th of the month...no probs there and thanks once again for the suggestion.
The markets are going gangbusters at the moment but as we both know, even leaky boats rise on a high tide !
Let me know if you want me to suggest any stocks if they come to my attention.. You sound like a pretty knowledgeable manager and investor, and I didnt want to throw unnecessary rubbish suggestions at you, unwanted. Cheers PJ.
