Listed Investment Companies
Our "Listed Investment Company" service focuses on discovering the best LIC's and a long term approach on how to invest in them. Our LIC research is a unique service that will appeal to subscribers who want to take a less active approach to the market. We’ve expanded our team to include a dedicated LICs analyst. We will be focussing on the key people behind the LICs, their performance and approach to investing.
We'll consider the premium and discount to NTA, and talk about how to adjust your investment strategy at different times in the cycle. There will be insights on new LICs, commentary on meaningful changes we see in the LIC sector, as well as our view on which are the best LICs in the market.
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Selling WAX
WAX has performed well for the portfolio but the share price is materially above the underlying value of the portfolio.Model portfolios are only available to our subscribers.
To see our recommended mix of shares in international and Australian portfolios, subscribe today.
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Adding more Magellan Flagship Fund Limited (MFF)
With the Brexit in the forefront of the markets mind and cash at hand the LIC portfolio is taking the opportunity to buy more Magellan Flagship Fund Limited (MFF). The portfolio is adding a further 3% to the position. -
Adding Bailador Technology Investments (BTI)
With some spare cash in the portfolio it was time to bring in an LIC I have been thinking about for quite a while, Bailador Technology Investments (BTI). BTI specialises in expansion stage unlisted tech companies. BTI provides a well managed vehicle with a solid team to give investors access to a sector they normally would not have. -
Selling CDM out of the portfolio
At market open today (05/04/2016) the LIC model portfolio exits its position in Cadence Capital Limited (CDM). The premium in the share price when compared to the net tangible assets (NTA) has continued to grow with the NTA slipping away. CDM is a well managed portfolio which the LIC portfolio will look to return to at a better price. -
Adding more BKI, PAF & WAX
With the most recent pull-back in the market I have taken the opportunity to get my portfolio set in the LICs I previously indicated would be receiving further capital. I have used the opportunity to deploy a further $15,000. $5,000 into BKI, PAF and WAX respectively. -
Adding more TOP
The LIC Model Portfolio's investment in TOP has been a fruitful one so far but I still believe the market has not factored in the strong performance of the LICs underlying stocks. It is because of this I am happy to add a further $5,000 to the position. -
Adding Thorney Opportunities Fund (TOP)
Coming into the portfolio this week is an LIC that operates more like a private equity company. The Alex Waislitz led Thorney Opportunities Fund (TOP) gives investors a unique opportunity to share the ride with one of the country's most well regarded activist managers.
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