As with managed funds, historical performance of stocks is frequently a less-than-perfect indicator of future performance. So DUI's superior track record doesn't mean that it is necessarily the best LIC to buy now: it certainly may be the best of the LICs at present, but this can't be concluded from its historical outperformance alone.
I don't hold DUI or AUI but hope to buy some in the future: they are slightly geared (unlike ARG) so should theoretically outperform in bull markets and underperform in bear markets.
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In other news, those who received Milton's annual report this week would have no doubt been pleased, as I was, by its usual, simple, low-budget format, sans photographs of the directors. If only all companies took their lead in not wasting shareholders' equity...
As with managed funds, historical performance of stocks is...
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Last
$9.21 |
Change
0.130(1.43%) |
Mkt cap ! $6.815B | |||
| Open | High | Low | Value | Volume |
| $9.05 | $9.21 | $9.00 | $2.817M | 309.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12126 | $9.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.25 | 3618 | 2 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| ARG (ASX) Chart |
