I do agree with you about going into an LIC on the IPO. my last was Spheria (SEC) and although I have bought more on market, there is a lot of difference btw the IPO price of $2.00 and the $1.76 I paid
last week. Because most of us believe that LICs are there for the long haul rather than a sudden jump in price, I agree that the best time to pick up a; LIC is post IPO. You only have to look at SEC, LSF etc for the proof. I don’t know about MOST LICs needing to be liquidated and the cash returned to investors, but I definitely agree that there are some who are deserving of that fate !
Is it the end of the Listed Investment Company?, page-57
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Last
$1.49 |
Change
0.005(0.34%) |
Mkt cap ! $1.653B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.49 | $1.48 | $921.4K | 619.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8529 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 249617 | 9 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.49 |
Change
0.005 ( 0.34 %) |
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| Open | High | Low | Volume | ||
| $1.49 | $1.49 | $1.48 | 302922 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| WAM (ASX) Chart |