PAYING $1 FOR 50 CENTS WORTH OF ASSETS?

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!

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ASX LICs AND THEIR IMA TERMINATION FEES

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.

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ARE REDBUBBLE (ASX: RBL) AND SHAVER SHOP (ASX:SSG) SHARES STILL A BUY?

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.

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REVIEW OF MY INVESTING YEAR, ARE THERE UNDERVALUED ASX SHARES FOR 2021?

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.

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SHOULD ASX LICs / COMPANIES WIND UP AND DO THEY HAVE THE RIGHT “SKIN IN THE GAME”?

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).

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LAZY 2020 ASX LIC BASED PORTFOLIO – & reflecting on 2019

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.

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TIME TO BUY FIXED INCOME CLOSED END FUNDS LISTED ON THE ASX?

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.

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Guest Post – The ‘Melbourne Cup of LICs’: Our form guide and three favourites

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).

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Guest Post – How to determine if the trend is your friend

This is a guest post that I thought would be of interest to my readers. Please read below to find out more about the author. (Note I have no affiliation with the below author / business).

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