Tag: activist investing blogs

Unusual Fees in LICs?

There are now well over 100 LICs on the ASX. I must have looked reasonably closely at the fee structures of more than half of the current crop and have noticed a couple with unusual structures. I would be interested in the view from others about these features, and also if other LICs follow a similar arrangement? Continue reading “Unusual Fees in LICs?”

Management AIMS for a Claytons buyback?

In a recent blog post I suspected that the latest ALI buyback announcement appeared to be of the Claytons variety. Claytons was a non-alcoholic drink but marketed in the 80s as “the drink you have when you are not really having a drink”. It was to give the impression you are out having a drink, but wasn’t quite the same. Continue reading “Management AIMS for a Claytons buyback?”

THE AIMS WIND-UP VOTE

voting

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”

Some recommended reading

I said I would do this quite some time ago so finally wanted to write down some thoughts on some books I have read over the last few months that others may find interesting. Continue reading “Some recommended reading”

Boardroom battles for small LICs (HHY & NGE). APW & GJT updates.

NGE – The proposal to establish a LIC is set for later this month. If they had of gone about this the right way (e.g. combine with some cornerstone investors to double the size paying NTA, detailed presentations highlighting management expenses and investment strategy) perhaps I could have supported this.

Continue reading “Boardroom battles for small LICs (HHY & NGE). APW & GJT updates.”

Time for Wilson & Century Australia to get together?

If I had to bet on a couple of corporate re structures to occur in the next year or two, they would be for WAA to merge or takeover another investment company to gain size, and CYA to be rolled into a re-branded entity to assist in the market fully valuing assets on hand and the tax losses on the balance sheet. Continue reading “Time for Wilson & Century Australia to get together?”