hi all :)
Just to add that i attended the recent AFI half yearly presentation - some of the board + investment team were there.
Again, very similar experience to ITB's and GJ's - all except one (me) seem to be retirees. Had a strong sense that everyone there have been longtime investors.
@coffeesnob, a few points to add:
(1) ARG is a nice starting point IMHO. If you have a look at its top 10 - you will find all the other quality LICs there - AUI, MLT, think they also hold DUI and CHO..
in any case, they will indirectly hold them too via AUI and MLT. So with ARG - there is no need to choose :) you get to hold them all.
(2) much more diversified than the other LICs - almost 200 holdings. guess this will mean a more index-like performance (but at lower cost than a vanilla index fund).
(3) ARG will have a new CEO this year - so it will mark a new era.. a fairly young guy too - so if it works out, we can enjoy another 20+ years of steady money management.
Plus the soon-to-be-ex-CEO will rejoin ARG on the board.
Whereas, with the other venerable LICs, (besides AFI) they have yet to pass the baton on - not saying this is bad - but i find it harder to see what the other LICs will be like in say 10 years' time.
just my 2c...
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$8.79 |
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Mkt cap ! $6.815B |
Open | High | Low | Value | Volume |
$8.85 | $8.85 | $8.76 | $1.785M | 202.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3197 | $8.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.79 | 3051 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 432 | 7.630 |
4 | 6421 | 7.620 |
10 | 28630 | 7.610 |
55 | 111350 | 7.600 |
5 | 2007 | 7.590 |
Price($) | Vol. | No. |
---|---|---|
7.650 | 16007 | 6 |
7.660 | 2220 | 4 |
7.670 | 3205 | 2 |
7.680 | 37046 | 4 |
7.690 | 2000 | 1 |
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