Not as difficult as I first thought. Many have disappeared and only a few are large - The difficulty was Copperchem - now it seems to lose around $3,4 million each half. You have to take a view on it but its not material. At times it had a really bad set of results. Recently its been a bit better and more stable. AMP controls I took a conservative view of it - only really get details at year end - in fact I am not sure whether I have adjusted it for about 18 months. Really they give you a directors valuation as well which if you get uncomfortable seems conservative - It the scheme of things the unlisted are not material to the valuation...
Its a worthwhile process as you get a feel for owning the underlying investments versus the heads.
It changed my view and I started buying SOL and BKW as often at times the share I was interested in was and formed a large part of the share price. This has saved me from firstly the NHC plunge and recently the TPG drop. Personally I think it does exactly as I want the cycles seem to roll and at times each of the 3 main arms grow in importance and then wane.
I now only own small numbers of the underlying equites - more to make sure I see their news when it happens.
Its a strategy that I will continue to use.
Sell Your Soul, page-108
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Last
$35.01 |
Change
0.340(0.98%) |
Mkt cap ! $12.41B | |||
| Open | High | Low | Value | Volume |
| $34.87 | $35.04 | $34.86 | $2.259M | 64.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 338 | $35.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.03 | 77 | 7 |
View Market Depth
| Last trade - 13.19pm 28/11/2024 (20 minute delay) ? |
| SOL (ASX) Chart |
