The thing about this company is that as an LIC they have...

The thing about this company is that as an LIC they have permanent capital, so they don't need to worry too much about performance. If they just keep going along with a portfolio that looks alot like the ASX Top 50 with an emphasis on dividend stocks, they will keep happy the Mums and Dads who like a regular dividends and really don't have much of an idea how to invest. They have a similar approach to that of AFI and ARG, but they are not as smart, that is why they trade at a discount rather than a premium to NTA. Also, they have form for doing dumb things like rasing capital from some chosen new investors at a discount to NTA which really p**d me off as an existing holder, hence I won't touch them again unless they are trading at a very steep discount to after tax NTA.