ASX:CTN

See what The CEO's thought of Housing, the NBN and Banking this week

NAOS Asset Management
NAOS Asset Management Listed Investment Companies (LICs) ASX: NCC, ASX: NAC

“There's been a lot of noise about the housing market over the last 12 months, but all the signs are that there will be an orderly slowdown in growth rates. Growth has started to slow in New South Wales and Victoria and we expect that to continue, but we don't... Show More

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International LICs Performing Strongly

Peter Rae
Peter Rae Independent Investment Research

In its latest Monthly Listed Managed Investments Update, Independent Investment Research looks at the performance of listed investment companies and listed investment trust for the 12 months to 30 September 2017 and found that LICs with an international focus were the best performers, with one LIC delivering a portfolio return... Show More

Microcaps Stellar Quarter: 8.9% vs. Large Caps 1.0%

Mark Tobin
Mark Tobin Independent Investment Research

While FY18 is barely underway the microcap and small caps indexes have got off to a flyer, significantly outperforming large caps indexes. Although most microcap managers have made a good start, they have lagged the index performance a bit but as the old adage goes “A good start is half... Show More

ASX:GC1 ASX:ACQ ASX:MA1 ASX:CTN ASX:NCC ASX:FOR ASX:WMI ASX:8EC

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If 24 LICs ran the Melbourne Cup... which would be our favourites?

Daryl Wilson
Daryl Wilson Affluence Funds Management

To win the Melbourne Cup requires a horse that is well trained, has a great jockey, and importantly hasn’t been hit too hard with a weight handicap from the stewards. To win the "Affluence LIC Cup", an LIC requires many of the same attributes... Show More

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See what The CEO's thought of Social Media, Streaming & Fintech this week

NAOS Asset Management
NAOS Asset Management Listed Investment Companies (LICs) ASX: NCC, ASX: NAC

“YouTube now has over 1.5 billion users. On average, these users spend 60 minutes a day on mobile. But this growth isn't just happening on desktop and mobile. YouTube now gets over 100 million hours of watch time in the living room every day, and that's up 70% in the... Show More

See what The CEO's thought of the Global Economy, Automotive & Retail this week

NAOS Asset Management
NAOS Asset Management Listed Investment Companies (LICs) ASX: NCC, ASX: NAC

As part of the NAOS investment process, we pay particular attention to the comments made by company CEOs and business leaders in order to gain a greater understanding of the current investment environment and key trends that may be emerging. Below are quotes from the week which in our view... Show More

ASX:ANZ ASX:CCL ASX:SGP ASX:WES ASX:BKL ASX:NAC ASX:CTN ASX:NCC

See what The CEO's thought of Telecommunications, Gas & Gaming this week

NAOS Asset Management
NAOS Asset Management Listed Investment Companies (LICs) ASX: NCC, ASX: NAC

"Last year we'd get a kilo of butter for around six dollars and now it's easily $9.50. A growing preference for more natural, less processed foods in home cooking has contributed to a growing consumer demand for butter. The consensus holds that this strong world demand for butter and dairy... Show More

ASX:LLC ASX:ORG ASX:TLS ASX:TRS ASX:ADH ASX:MOC ASX:NAC ASX:CTN ASX:NCC

Ten high yielding LICs

Peter Rae
Peter Rae Independent Investment Research

In its latest LMI Monthly Update, Independent Investment Research takes a look at the ten highest yielding listed investment companies in its coverage and also considers the sustainability of dividends. We also discuss and provide our views on some recent events within the LIC space. Refer to our report below... Show More

Listed Managed Investments: Quarterly Review

Peter Rae
Peter Rae Independent Investment Research

In its latest Quarterly LMI Market Review, Independent Investment Research (IIR) provides detailed coverage of 39 listed investment companies, listed investment trusts and Active ETFs including commentary, investment views and ratings. We look across a number of sectors and investing strategies and provide insight into performance, discounts and premiums to... Show More

LIC Reporting Season Wrap – Dividends Hold Up

Peter Rae
Peter Rae Independent Investment Research

For the reporting season just finished there were 24 listed investment companies covered by Independent Investment Research that reported full year results. Out of this 24, there were 14 LICs that experienced earnings declines. This reflected lower dividend income, particularly for those LICs that have capital account status, and also... Show More

How do microcap managers perform in the long-term?

Mark Tobin
Mark Tobin Independent Investment Research

Active microcap managers demonstrated in FY17 that this part of the stock market can be a great alpha generator for managers (and their investors). In this wire, we ask how they have stacked up against their benchmarks over 3, 5 and even 10 years... Show More

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Microcaps: FY17 in review

Mark Tobin
Mark Tobin Independent Investment Research

While the financial year 2017 may not have been overly pleasing when one looks at the performance of the ASX emerging companies index which returned a dismal -2.3% for the year. A different picture emerges when looking at the performance of active managers in the space. The majority of microcap... Show More

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Five LICs at a discount to NTA

Peter Rae
Peter Rae Independent Investment Research

In its latest LMI Monthly Update, Independent Investment Research takes a look at why listed investment companies trade at discounts and premiums to net tangible asset value. We also take a look at five LICs that are currently trading at large discounts to NTA, look at some of the reasons... Show More

Finding value amongst small-cap LICs

Peter Rae
Peter Rae Independent Investment Research

Small-cap shares have underperformed the broader market over the past 12 months and, on some metrics, the sector appears reasonable value. However, investing in small-caps can be a riskier proposition and in recent weeks a number of small-cap company share prices have been hit hard by revenue and earnings downgrades.... Show More

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Large cap LICs continue to benefit from strong market

Peter Rae
Peter Rae Independent Investment Research

In its latest Monthly LMI Update, Independent Investment Research looks at listed investment company performance over the March 2017 quarter. The Australian large cap focused listed investment companies benefited from the solid market performance over the quarter with the five largest listed LICs delivering an average portfolio return (pre-tax NTA... Show More

Contango MicroCap concerns remain

Peter Rae
Peter Rae Independent Investment Research

Contango MicroCap (ASX:CTN) released details of the management agreement with its newly appointed second manager, OC Funds Management. There are a number of material differences between this new agreement and the agreement with the existing manager, Contango Asset Management. A number of these differences are at odds with CTN’s existing... Show More

ASX:CTN

Do options provide LIC investors with value?

Peter Rae
Peter Rae Independent Investment Research

Since January 2013 there have been 30 new listed investment companies (LICs) join the ASX. Each of these LICs issued investors with options as part of the initial public offer (IPO). In most cases, investors received one ‘free’ option for each share, although there were some offers where the ratio... Show More

ASX:HHV ASX:WAX ASX:AFI ASX:ARG ASX:MLT ASX:CTN ASX:BTI

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Listed Managed Investments: Quarterly Review

Peter Rae
Peter Rae Independent Investment Research

(LICs), listed investment trusts (LITs), and exchange quoted managed funds (EQMFs). At 31 January 2016, there were 96 LICs and LITs on the ASX, with a collective market capitalization of $ 31.6B. There are a number of new LICs in the pipeline including URB Investments, Contango Global Growth, Plato Income... Show More

LIC’s continue to offer attractive dividend yields

Peter Rae
Peter Rae Independent Investment Research

In this month’s Independent Investment Research (IIR) LMI Monthly Update we discuss why the listed investment company sector was able to maintain steady dividends and, in some cases, announce modest dividend increases despite reporting lower profits during the recent reporting season. We do not expect to see many dividend reductions... Show More

ASX:CIE ASX:HHV ASX:WAM ASX:AFI ASX:ARG ASX:MLT ASX:CTN ASX:HHL ASX:DJW

LICs hold dividends steady despite lower profits

Peter Rae
Peter Rae Independent Investment Research

In our latest Monthly LMI Update, Independent Investment Research looks at performance across the listed investment company (LIC) sector. With company reporting season underway, a number of the large cap focused LICs have already reported their earnings results. A general theme running through these results is that reported earnings are... Show More