What’s your thoughts on purchasing LICs when they’re trading at a premium to NTA. Some investors like to only buy when they’re trading at a discount.
Peter Thornhill: I don’t ever think about it. Since investing in Argo in 2000, we have made a further 24 additions. That’s more than 1 a year. Do you know how much time I spent looking at the discount/premium – nil. I have better things to do. Ditto with the other LICs we own.
Do I lose sleep that a few of the parcels were bought at a premium? By the way, what about the other purchases that were bought at a discount. Perfection is a dream with hindsight.
https://www.strongmoneyaustralia.com/peter-thornhill-lics-dividend-investing/
Trading at a premium?, page-5
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Last
$9.14 |
Change
-0.070(0.76%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $9.18 | $9.18 | $9.12 | $3.176M | 347.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9054 | $9.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.17 | 6063 | 3 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
