half-yearly result to 31.12.08, page-5

The response is reasonable & fair.


LICs are a good place to be at the moment. There are some quality LICs out there and even more so, there are some undervalued/at par quality LICs: (starting from the highest mkt cap)


1. AFI. (Not one that I would hold, but nontheless)
Last close $3.84.
NTA $3.62

2. ARG (Quality - and price v nta reflects this)
Last close $5.36.
NTA $4.72

3. SOL (Quality)
Last close $8.35
NTA $6.52*
(based on Dec 31 figures)

4. DJW (Not one that I would hold)
Last close $3.20
NTA $2.98

5. AUI (*Quality*)
Last close $5.25
NTA $5.21

6. CHO (Quality)
Last close $4.15
NTA $4.12

7. BKI (I would hold - currently, good value!!)
Last close $0.925
NTA $1.13

8. CIN (Not one that I would hold - seems well undervalued)
Last close $13.30
NTA $15.69

9. DUI (*Quality*)
Last close $2.35
NTA $2.39