What’s your thoughts on purchasing LICs when they’re trading at a premium to NTA. Some investors like to only buy when they’re trading at a discount.
Peter Thornhill: I don’t ever think about it. Since investing in Argo in 2000, we have made a further 24 additions. That’s more than 1 a year. Do you know how much time I spent looking at the discount/premium – nil. I have better things to do. Ditto with the other LICs we own.
Do I lose sleep that a few of the parcels were bought at a premium? By the way, what about the other purchases that were bought at a discount. Perfection is a dream with hindsight.
https://www.strongmoneyaustralia.com/peter-thornhill-lics-dividend-investing/
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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3 | 3938 | $8.90 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 6421 | 7.620 |
10 | 28630 | 7.610 |
55 | 111350 | 7.600 |
5 | 2007 | 7.590 |
Price($) | Vol. | No. |
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7.650 | 16007 | 6 |
7.660 | 2220 | 4 |
7.670 | 3205 | 2 |
7.680 | 37046 | 4 |
7.690 | 2000 | 1 |
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