However, due to jittery sentiment, the entire LIC sector has been sold off along with the rest of the market. On a weighted sector average basis, LICs are trading at a 7.9 per cent discount to their pre-tax net tangible assets (NTA), based on ASX data at 30 April 2012. At a Discount Definition - Investopedia Aug 14, 2019 · At a discount specifically refers to stock that is sold for less than its nominal or par value. At a discount also refers to stocks or other securities that are sold below the present market value 5 bargain LICs trading at a discount - Switzer Report Jun 14, 2018 · 5 bargain LICs trading at a discount . The listed investment company (LIC) sector has been forced to fight back since the advent of exchange-traded funds (ETFs) that have eaten into its market. Some of the largest Australian LICs, such as Argo Investments (ARG) and Australian Foundation Investment Company (AFI) have taken their management
A Complete Guide to LIC Premiums and Discounts - Strong ...
8 Mar 2019 An LIC trading at a discount can provide a good buying opportunity. 3. Because of their company structure they can retain some profits to smooth 28 Jun 2016 on the investment manager, it will result in the LIC trading at a premium or discount to Net Tangible Assets (NTA) or Net Asset Value (NAV). 22 Apr 2016 While it might make good investment sense to buy a LIC when they are trading at a discount, there is often no mechanism apart from demand 2 Nov 2018 If the per share NTA is more than the share price, the LIC is trading at a discount to its NTA (while the opposite is true for a premium). This can
What are two reasons firms offer trade discounts? | eNotes
Definition: A trade discount is the reduction in price a manufacturer or wholesaler gives a wholesaler or retail when they buy a product or group of products. In other words, a trade discount is a certain percentage a manufacturer is willing to reduce its list price for wholesalers or retailers. Do Listed Investment Companies (LICs) offer more ... At the end of 2019, NSC was trading at an 11.18 per cent discount to its NTA in a $111.2 million market cap. However, the small-cap was able to deliver a gross yield of 9.9 per at the end of last year, making it one of the LICs with room to rebound. NSC comes from a well established LIC player — NAOS has been around since 2013.
25 Aug 2019 One LIC trading at a discount is the Contango Income Generator (or CIE), which closed the end of July trading at 81.5c compared to an NTA of
Nov 12, 2018 · With the majority of listed investment companies trading below net asset backing, some LICs are under threat of takeover or wind-up, while others are working on ways to close the discount gap. Analysts caution investors against buying LICs trading at a discount in the hope that corporate action will deliver a gain – especially if… ETFs vs LICs and Strategy 3 Revisited - Aussie Firebug I have a question in my mind only on two points, whether mixing LIC active management’s may just cancel each other out, in the end, and a second question I would have is whether it’s really correct to think about a below NAV LIC as trading “at a discount”. I don’t know the answer but I wonder if there could be other reasons at times
22 Apr 2016 While it might make good investment sense to buy a LIC when they are trading at a discount, there is often no mechanism apart from demand
LIC dividends and discounts - ASX However, due to jittery sentiment, the entire LIC sector has been sold off along with the rest of the market. On a weighted sector average basis, LICs are trading at a 7.9 per cent discount to their pre-tax net tangible assets (NTA), based on ASX data at 30 April 2012. At a Discount Definition - Investopedia Aug 14, 2019 · At a discount specifically refers to stock that is sold for less than its nominal or par value. At a discount also refers to stocks or other securities that are sold below the present market value 5 bargain LICs trading at a discount - Switzer Report