Just reflecting on this stock. I first bought in 2013 and I cannot remember any bad news just steady share price and revenue gains. If only share investing was always like this.
Frankly, for a stock with a track record like LIC 15x P/E is still too cheap.
My only worry is the aging Aussie housing bubble. How would their business model stand a 30% downturn in the Victoria housing market? Still illiquid too.
That said, (sorry brag coming up) I sold a bit to re-balance my portfolio and I am now sitting on a nice free carry. From here on I'll just sit back and watch the divies roll in. Cold dead hands material.
Just reflecting on this stock. I first bought in 2013 and I...
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Last
$9.00 |
Change
0.040(0.45%) |
Mkt cap ! $973.9M | |||
| Open | High | Low | Value | Volume |
| $8.95 | $9.00 | $8.84 | $647.2K | 72.71K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1018 | $8.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.00 | 461 | 8 |
View Market Depth
| Last trade - 13.39pm 29/11/2024 (20 minute delay) ? |
| LIC (ASX) Chart |
