why such a discount?, page-19

I agree re some of the different holdings like Campbell Bros. Something different in the diversity.

My main core holdings (ATM) are MLT and BKI. I also have a holding of WIC, which I expect to sell in the next month depending on market conditions (converted options I bought cheap to get the dividend - so my effective entry is sub $1).

I see LICs as low cost entry to solid portfolios. My strategy is to buy 10%+ discount to NTA where possible, and with a dividend yield of 5%+ fully franked.

MJS