The objective you hear from many value investors is to buy $1 of assets for 50 cents. The headline I used here is the opposite, what we should be avoiding.
Trading in a couple of wind-up situations I have observed this year has left me scratching my head. It has looked to me like investors paying around $1 for 50 cents of cash!
Continue reading “PAYING $1 FOR 50 CENTS WORTH OF ASSETS?”
I expect on balance discounts on LICs to continue to contract in 2021, mainly due to a lack of supply. It is therefore no surprise that I am not expecting a great deal of LIC IPO activity next year. There was controversy surrounding sales commissions and LIC IPOs that got plenty of attention in 2019. (This was after a flood of new issuance in the few years prior, with many poor performers). For this reason, I do not think financial planners and investors have great appetite yet to take the plunge into new closed end fund products.
Continue reading “ASX LIC TRENDS FOR 2021 IN TERMS OF DISCOUNTS / PREMIUMS & POTENTIAL IPOs”
At first glance this blog post might appear to be only relevant to Contrarian Value Fund Ltd (ASX:CVF) and Global Value Fund Ltd (ASX:GVF) shareholders. I thought it was worth posting though because all LIC investors generally should ideally make themselves aware about certain issues. Part of the attraction for a fund manager launching a LIC is it is very “sticky” AUM revenue. Investors cannot redeem their funds like the traditional open-end managed fund structure. This “stickiness” of AUM fee revenue for the fund manager can often usually last for a decade whereby many Investment Management Agreements (IMAs) set their terms at 10 years.
Continue reading “ASX LICs AND THEIR IMA TERMINATION FEES”
Despite Redbubble Ltd (ASX:RBL) being a “tenbagger” from the lows, and Shaver Shop Group Ltd (ASX:SSG) being a “fivebagger, these companies might even still be buys. This blog post is a bit of a follow up from my last post when I discussed my mistakes. I felt in hindsight I should have been buying more of these shares around May, when both had already provided fantastic trading updates.
Continue reading “ARE REDBUBBLE (ASX: RBL) AND SHAVER SHOP (ASX:SSG) SHARES STILL A BUY?”
Like many in 2020, it has been a year I would prefer to forget. Hence I am reviewing things a bit earlier before the year has even finished.
Continue reading “REVIEW OF MY INVESTING YEAR, ARE THERE UNDERVALUED ASX SHARES FOR 2021?”
Should Australian Leaders Fund Limited (ASX:ALF), Contango Income Generator Ltd (ASX:CIE) & Thorn Group Ltd (ASX:TGA) wind up most of their operations and return cash to shareholders?
For full disclosure I own shares in (ASX:ALF) and (ASX:TGA) at the time of writing. I do NOT own shares in (ASX:CIE).
Continue reading “SHOULD ASX LICs / COMPANIES WIND UP AND DO THEY HAVE THE RIGHT “SKIN IN THE GAME”?”
Best undervalued stocks ASX for 2020
Well you might have to scroll until the end to see my two cents worth in regard to the above questions.
Also scroll to the end of this long post if you just want to see my Pearler Invest Review.
Continue reading “SHOULD I BUY ASX SHARES NOW?”
The idea for this lazy portfolio experiment was for it to track a portfolio that required little thinking and tinkering. In keeping up with the lazy theme I shall try and make this post relatively brief (well only in comparison to my last blog post anyway), as it is nearing Christmas and time for a break! To those who are not familiar with this hypothetical portfolio experiment, here is a link to the background for how it started.
Continue reading “LAZY 2020 ASX LIC BASED PORTFOLIO – & reflecting on 2019”
In this post I am going to explore how I think about the new wave of ASX listed fixed income closed end funds (CEFs). To be clear, I am not referring to various fixed income ETFs that are open ended. Regarding the CEFs in this sector, I am not very optimistic from this point in time. Well that is unless you are the fund managers offering them. They are clipping some juicy fees and as a result appear addicted to issuing more shares.
Continue reading “TIME TO BUY FIXED INCOME CLOSED END FUNDS LISTED ON THE ASX?”
This is a guest post that I thought would be of interest to my readers. It is in the spirit of Melbourne Cup Day, so I will be tempted soon in having my own punt on a LIC trifecta in the comments section at the end (feel free to do the same). Please read below to find out more about the author. (Note I have no affiliation with the below author / business).
Continue reading “Guest Post – The ‘Melbourne Cup of LICs’: Our form guide and three favourites”