other lics, page-24

Sorry Austravel, the figures I posted looked good before I posted them but lost a bit in translation.

The first % relates to the CTN return, the second % figure is the All Ords return.

3 Months 9.5% -0.6%

6 Months -14.0% -15.2%

12 Months -5.4% -12.1%

2 Years pa 37.4% 7.0%

3 Years pa 42.2% 12.5%

4 Years pa 41.9% 15.4%

The figures are readily available. They were taken from the quarterly investment update posted on 24 July 2008. Bear in mind that small/microcap stocks had a good run during that period, as did the big guys.

Try http://stocknessmonster.com/news-item?S=CTN&E=ASX&N=302131


By the way, NAB/MLC appear to hold 7.78% of CTN.

As a matter of interest, a friend has informed me that the Eureke Report, on 28 September 2007, published an article entitled "Why L-I-Cs can be D-U-Ds", and following an outcry from that report, published another report on February 4 2008, entitled "LICs' slower, rougher ride".
Of particular interest was the statement "On average, LICs that invest in large-company Australian Shares underperformed the All Ordinaries Accumulation Index by 6.59% during calendar 2007, and by 2.36% a year over the five years to the end of 2007.

When adjusted to weight returns by size, the underperformance was 3.65% over the twelve month period and 2.67% a year for the five year period.

BTW, the first AFI shares I owned cost me $1.60 each.