Dona Ferentes
Pengurus pengatur
- Joined
- 11 January 2016
- Posts
- 16,272
- Reactions
- 22,206
ARG has been buying back shares on a daily basis for a few weeks, and I note AFI has just resumed similar actions
ARG has been buying back shares on a daily basis for a few weeks, and I note AFI has just resumed similar actionsBought these and ARG as my Sit on the Bus holdings.
AUI currently about 9% under NTA and ARG about 12% under (Most other LIC's are also under NTA)
Yes. A number of the "old style" LIC's have been buying back shares due to the difference between share price and NTA. ARG over the years has gradually been reducing its holdings in other LICs. It transacted over $10m with AUI at one point.ARG has been buying back shares on a daily basis for a few weeks, and I note AFI has just resumed similar actions
well it happened on the same day , and CSL was a top 3 holding at the timeYes. A number of the "old style" LIC's have been buying back shares due to the difference between share price and NTA. ARG over the years has gradually been reducing its holdings in other LICs. It transacted over $10m with AUI at one point.
And by the way, AUI's share price did not drop due to its holding of CSL. The poster who claimed that does not comprehend the nature of these LICs.
DUI went up and both AUI & ARG did essentially bugger all. Fun fact about buying. The buyer doesn't know who is selling, why or whether it's the seller's last dollar nor does the buyer care.February 12 , 2024
AUI is a favourite holding of mine. Set up as a charity, it's focus really is on long term income to provide for this with the Potter foundation being the largest holder. as retrirement income is my focus, it's good enough for me.Can nearly always buy at a good discount too.
Think AUI holds 40-50 companies or did at one time. I hold ARG as well, but it's a bit smaller holding as AUI usually had a bigger discount, not the case at present though.I understand your approach there @monkton. AUI's holdings were too tight for me when I looked at it ages ago. It only holds around 30 companies I believe. I already held ARG so gave AUI a miss. AUI is a steady dividend payer with the management having a conservative approach and not into flashiness.
from AGM (so, end June)Think AUI holds 40-50 companies or did at one time. I hold ARG as well, but it's a bit smaller holding as AUI usually had a bigger discount, not the case at present though.
Think AUI holds 40-50 companies or did at one time. I hold ARG as well, but it's a bit smaller holding as AUI usually had a bigger discount, not the case at present though.
A few years ago while at an ARG investor conference, I asked one of the ARG 'team why there were cross holdings amongst the old scholl Lic's.As you probably know, ARG has held AUI for a number of years but has been progressively selling for a while. If I remember correctly it did a comparatively large tranche into the AUI buy-back. At at end June 2024, it held close to 9m shares in AUI down from around 11m the previous year. Its being doing the same with its holding in DUI. Neither of the holdings go anywhere close to the Ian Potter Foundation however.
A few years ago while at an ARG investor conference, I asked one of the ARG 'team why there were cross holdings amongst the old scholl Lic's.
Was told that 'back in the mists of time' there was talk of an amalgamation of them, thus the holdings. Obviously this didn't eventuate, but for many reasons these holdings could only be sold over time due to cgt, effect on price of large numbers being sold etc.
A good reason to hold ARG is that they hold these conferences & feed you, AUI does not .
and i am quite comfortable with that strategy at AUI , if i want a more aggressive approach i add extra WAX , SEC , and SNCInteresting background there @monkton. Thank you for the info.
Probably ARG holds shareholder meetings due to the number of shareholders whereas with AUI they are probably in regular contact with the major shareholder and as for the rest.................. Nah, likely to have very low turnover in the holdings so not much to say to justifty a road show.
Out of curiosity, I had a look at the latest annual report from AUI. Active it really isn't.
View attachment 188823
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?