WAM 0.31% $1.63 wam capital limited

"... I agree that the best time to pick up a; LIC is post IPO....

  1. 10,138 Posts.
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    "... 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 !"

    Yes, a new LIC has an IPO that effectively has expense 'dead wood' included. If you buy in later then you only pay for the real value of assets owned (subject to natural market forces regarding whether it is well liked or not). WAM and WAX have done well and are usually at a significant premium. WLE is quite new and at a decent discount but its dividend is fair for it class (largish companies).

    Most of the really large LIC's are at a discount now but paying decent fully franked dividends. These large LIC's tend to have periods of a few years at small premiums then cross over into small discounts for a year or two. They are, in my opinion, fair and reasonable to hold for a steady safe fully franked dividend return.
    Last edited by bobadah: 11/07/19
 
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
$1.63
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