Mick, yep, that’s the point. I dont think there is a catalyst for the upside. Given their concentrated portfolio, and the current economic situation, I think any upside is going to be long, slow and gradual. A catalyst for the downside is bad stock selection in a downwards market in a concentrated portfolio. It seems to me that in this market, you need to do a Roger Montgomery or a Warren Buffet and to buy shares or funds that you would be happy putting in a bottom drawer for 10 years or so. I dont think things are going anywhere in a hurry.........you only have to look at some of the other LICs and how much of a discount to asset backing they are along with CSL.
I’m just in a bit of a sad and despondent state at the moment about the market. It seems that we are being cooked by degrees !
Wilson free to go again, page-12
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Last
50.0¢ |
Change
-0.010(1.96%) |
Mkt cap ! $67.48M | |||
| Open | High | Low | Value | Volume |
| 51.0¢ | 51.0¢ | 49.5¢ | $105.7K | 210.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 59995 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 35999 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
50.0¢ |
Change
-0.010 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 50.0¢ | 50.0¢ | 50.0¢ | 20918 | ||
| Last updated 15.45pm 30/05/2024 ? | |||||
| NSC (ASX) Chart |