I think you are correct about LICs. Sentiment has followed performance and I think that investors are well entitled to wonder just what they are paying some of these fund managers for. It would be interesting to see if there are ANY LICs trading at a premium to NTA rather than discounts of up to 25%. Buying at a discount is fine, but only if the SP reverts back to the NTA. If it doesn’t, these LIC managers are effectively receiving their fees under false pretences and are being rewarded for incompetence.
Horrid is a good word to describe it !
I think you are correct about LICs. Sentiment has followed...
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Last
$1.51 |
Change
0.015(1.01%) |
Mkt cap ! $1.666B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.51 | $1.49 | $1.302M | 872.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16670 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 18409 | 2 |
View Market Depth
| Last trade - 16.10pm 25/04/2024 (20 minute delay) ? |
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Last
$1.50 |
Change
0.015 ( 0.51 %) |
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| Open | High | Low | Volume | ||
| $1.50 | $1.51 | $1.49 | 531376 | ||
| Last updated 15.59pm 25/04/2024 ? | |||||
| WAM (ASX) Chart |