ARe you talking about WAM? Or another LIC? WAM is trading at a premium to NTA - so you’d have less money and CGT to pay if the LIC was liquidated. If you want out - why not just sell your shares?
I bought WAM at >20% discount to NTA during the GFC. It’s outperformed the market and has been trading at a 10-20% premium for some time now. Steady income, good management and manager is not a forced seller when the market dips (as open trusts are) are all some of the reasons I hold (plus a CGT bill that would mean I’d get less than NTA in my pocket if I sold). Easy to trade, no wrap account needed, costs better than retail based funds are additional positive reasons.
My domestic portfolio is only ~15% LICs these days but my international portfolio is ~30% LIC’s.
BUT ... agree you need to know and trust the manager as just like direct equities, there are some horror stories out there!
- Forums
- ASX - By Stock
- WAM
- Is it the end of the Listed Investment Company?
Is it the end of the Listed Investment Company?, page-67
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WAM (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.48 |
Change
0.000(0.00%) |
Mkt cap ! $1.642B |
Open | High | Low | Value | Volume |
$1.48 | $1.49 | $1.47 | $1.236M | 836.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
41 | 301188 | $1.47 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.48 | 2240 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
41 | 301188 | 1.470 |
4 | 84615 | 1.465 |
11 | 76406 | 1.460 |
4 | 20624 | 1.455 |
45 | 219159 | 1.450 |
Price($) | Vol. | No. |
---|---|---|
1.475 | 2240 | 1 |
1.480 | 40000 | 3 |
1.485 | 10256 | 1 |
1.490 | 97547 | 10 |
1.495 | 78500 | 5 |
Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.48 |
  |
Change
0.000 ( 0.34 %) |
|||
Open | High | Low | Volume | ||
$1.48 | $1.49 | $1.47 | 551524 | ||
Last updated 15.59pm 07/05/2024 ? |
Featured News
WAM (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online