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/
- Forums
- ASX - By Stock
- Trading at a premium?
What’s your thoughts on purchasing LICs when they’re trading at...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$8.79 |
Change
0.090(1.03%) |
Mkt cap ! $6.815B |
Open | High | Low | Value | Volume |
$8.74 | $8.83 | $8.72 | $1.855M | 211.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8374 | $8.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.79 | 835 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
Featured News
ARG (ASX) Chart |