MORE LIC SUPPLY AND MARKET SENTIMENT COMMENTS, NEWS ON SOME HOLDINGS, FX UPDATE, DOMINOS PIZZA.

In my last blog update I shared my concerns about the number of new LICs that have come to the market of late. Not long after this I read another story to add to the supply picture.

Continue reading “MORE LIC SUPPLY AND MARKET SENTIMENT COMMENTS, NEWS ON SOME HOLDINGS, FX UPDATE, DOMINOS PIZZA.”

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SSM, TTS, UOS & Currencies.

SSM – I took some profits on half my holding around 79 cents in the middle of the year after being in the stock since the previous year when it traded in the 20s. I didn’t have a strong view after those large gains whether the stock was particularly cheap or not. Continue reading “SSM, TTS, UOS & Currencies.”

THE AIMS WIND-UP VOTE

Disappointed with the voting results but not entirely unexpected, I thought things may be close all along. When I say close, obviously I refer to the numbers adjusting for the prospect the courts would later on decide that the AIMS stake does not count towards the outcome. Continue reading “THE AIMS WIND-UP VOTE”

CYA, NGE, REF, MVT, AIK, AGF, CEE:US, TTS, CLT, SVWPA, APW.

CYA – Still looks quite cheap at 90 cents when the ASX200 is around 5,550. Wilson put out their document and it looks like this will simply be a vehicle with a mix of the WAA and WAX strategies. Continue reading “CYA, NGE, REF, MVT, AIK, AGF, CEE:US, TTS, CLT, SVWPA, APW.”

A COUPLE OF SALES & POTENTIAL OPPORTUNITIES WITH DEMERGERS

Just wanted to mention I will be unlikely to follow the stocks MEL & PTB as recently have ceased holding after being in both for about a year. Both I would describe as stories where nothing unexpected occurred yet the market moved from a cheap valuation to fair value. Continue reading “A COUPLE OF SALES & POTENTIAL OPPORTUNITIES WITH DEMERGERS”

MERGERS, ACQUISITIONS AND WIND-UPS IN THE LIC SECTOR

The CYA transaction got me thinking to the extent similar deals have occurred in the past. There are a few fund managers who will examine investing in LICs, yet the vast majority don’t. I’d like to better understand why many avoided LICs in 2009-2012. Continue reading “MERGERS, ACQUISITIONS AND WIND-UPS IN THE LIC SECTOR”