Lics trading at discount to nta

5 Nov 2019 Livewire | The 'Melbourne Cup of LICs': Our form guide and three favourites. fairly average handicaps last year (discounts to NTA were reasonable). After a period of poor runs and trading at a very large discount, the 

Morningstar LIC NTA Report Series, available from January 2014 onwards, provides a snapshot of whether LICs are trading at a premium or a discount to their  23 Sep 2019 Discount calculation. That's the theory at least. The practice, as applied to a number of LICs currently trading below NTA, is captured in a  7 Mar 2019 They buy high-quality LICs when they trade at an unusually large discount to their NTA, and sell those trading at an unusually high premium. Directory of Listed Investment Companies (LICs) trading on the ASX. trade at either a premium or discount to the pre-tax Net Tangible Assets (NTA) of the fund.

Morningstar/ASX LIC series provides a snapshot of Australian LICs, and whether they are trading at a premium or a discount to their net tangible assets ( NTA).

So Option #5 is simply this: Buy your chosen LICs when they’re trading at a discount or close to their NTA. And if they’re trading at a premium you don’t want to pay (say over 2-3%), then buy the index. The opposite is true for LICs trading at discounts, if there is little demand for a LIC there can be downward pressure on the share price causing it to trade at a discount to its underlying asset value. In addition, if a company issues more shares in the LIC at a share price lower than the NTA this can further exaggerate the discount. Over the last ten years, Australian LICs have traded at an average discount to net tangible assets (NTA) of 6%. Today the median discount is 4%, with some LICs trading at significant premiums to NTA including Djerriwarrh Investments Limited (ASX:DJW) and WAM Active Limited (ASX:WAA) with share price premiums of 24.0% and 34.0% respectively (as at 10 October 2014). Listed Investment Companies (LICs) trading at discounts to their net tangible assets per share (NTA) may present a value opportunity but if these discounts persist over time, then this value may never be released. Some LICs remain at a discount to their NTA for years. Here is a very simple illustration of a discount and premium to NTA. Tag: LICs trading at a discount to NTA ASX LICs October 17, 2019 February 7, 2020. 5 FACTORS FOR PROFITING FROM ASX LIC TAKEOVERS AND WIND UPS. Pressure has been mounting on many ASX LICs this year to address issues of sub-par performance and widening discounts to NTA. In some cases this has led to corporate activity in the sector that has

18 Aug 2019 History would suggest that LICs are more likely to trade at a discount Our current LIC portfolio has an average NTA discount of 15% and is 

The Morningstar/ASX LIC series provides a snapshot of Australian LICs, and whether they are trading at a premium or a discount to their net tangible assets (NTA). Access the latest information with Morningstar and find out how your LIC is performing. Note: Monthly data is only available at end of the following month, eg. January report is published end of February.

allocation of funds from other WAMI LICs (primarily WAM and WAX) which trade our current top picks, trading at estimated 2.1% and 13.5% discounts to NTA.

Many LICs trade at a discount to their Net Tangible assets (NTA). While this may be seen as an opportunity, the history is that this is not often the case. Some of 

Whatever the case, small-cap LICs traded at a median discount to NTA of 11% at June 2018, using ASX data. A handful traded at or above a 20% discount to NTA. With a few exceptions, small-cap LICs collectively look as unloved as they have in a while.

Directory of Listed Investment Companies (LICs) trading on the ASX. trade at either a premium or discount to the pre-tax Net Tangible Assets (NTA) of the fund.

LICs are required to report their NTA on a regular basis and this measure can be used to determine whether an LIC is trading at a premium or a discount to its  allocation of funds from other WAMI LICs (primarily WAM and WAX) which trade our current top picks, trading at estimated 2.1% and 13.5% discounts to NTA. Morningstar LIC NTA Report Series, available from January 2014 onwards, provides a snapshot of whether LICs are trading at a premium or a discount to their  23 Sep 2019 Discount calculation. That's the theory at least. The practice, as applied to a number of LICs currently trading below NTA, is captured in a