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
$1.46 |
Change
-0.005(0.34%) |
Mkt cap ! $1.625B |
Open | High | Low | Value | Volume |
$1.46 | $1.46 | $1.46 | $1.039M | 711.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 169755 | $1.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.46 | 17993 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 169755 | 1.455 |
66 | 515611 | 1.450 |
6 | 109020 | 1.445 |
16 | 104373 | 1.440 |
7 | 56299 | 1.435 |
Price($) | Vol. | No. |
---|---|---|
1.460 | 21893 | 5 |
1.465 | 102850 | 3 |
1.470 | 174341 | 8 |
1.475 | 93916 | 4 |
1.480 | 380763 | 16 |
Last trade - 11.29am 29/05/2024 (20 minute delay) ? |
|
|||||
Last
$1.46 |
  |
Change
-0.005 ( 0.31 %) |
|||
Open | High | Low | Volume | ||
$1.46 | $1.47 | $1.46 | 290174 | ||
Last updated 11.39am 29/05/2024 ? |
Featured News
WAM (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online