Bell Potter LIC Weekly: WAM Global Options Issue

Bell Potter analyst Hayden Nicholson updates developments in the LIC market. WAM Global Options Issue.
Read MoreBell Potter analyst Hayden Nicholson updates developments in the LIC market. WAM Global Options Issue.
Read MoreBell Potter analyst Hayden Nicholson updates developments in the LIC market. Attractive Global Growth Opportunities. WCM Global Growth (WQG). Thorney Re-Introduces Buy-Back.
Read MoreThe Listed Investment Company (LIC) and Listed Investment Trust (LIT) sector closed out 2020 with a sector market capitalisation of $52.8 billion, a reduction of just 0.6% over the 12 months.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market. IBC Recommends CLF Shareholders Accept WAM Offer. Upcoming Magellan Partnership Offer.
Read MorePengana Capital sees its Private Equity Trust LIC (ASX: PE1) as a game-changer. This video explains why.
Read MoreAs investors continue to look for opportunities to increase their exposure to shares against a backdrop of record-making low interest rates we believe it is important to reignite a conversation about how AFIC is valued.
Read MoreBell Potter analyst Hayden Nicholson updates developments in the LIC market where in line with its investment strategy, Hearts and Minds Investments (HM1) are refreshing the conference portfolio.
Read MoreTraditionally, the main differentiating factor between ETFs and LICs was the employed style of management. However, with a growing suite of rule-based Exchange Traded Products, this is now much less pronounced.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where WAM Capital has announced and progressed with an unconditional off-market takeover bid for Contango Income Generator.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where after trading at a persistent discount to its pre-tax NTA, Concentrated Leaders Fund has achieved a new milestone.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where the Board of WAM Leaders Limited (WLE) has announced its intention to deliver a 3.5 cent fully franked FY21 interim dividend.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where strong gains across global equity markets has seen the arithmetic average share price to pre-tax NTA discount narrow from 11.2% to 8.8%.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where WAM Capital has announced an unsolicited conditional off-market takeover bid for Concentrated Leaders Fund.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where Antipodes Global has committed to undertake a significant and innovative discount control mechanism.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market and provides a review of premium/discount to NTA by investment mandate.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where the Board of MFF Capital Investments has announced the progression of a 1:5 pro rata non-renounceable bonus issue of options.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where Future Generation Australia (FGX) has announced the intention to provide a fully franked FY21 interim dividend of 2.6cps.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where Magellan has announced a proposed series of transactions, which will have the effect of consolidating its three existing Global Equities retail funds.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where Australian Foundation Investment Company Limited (AFI) has announced its preliminary results for the reporting period ended 30 June 2020.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where the board of WAM Global Limited (WGB) has declared a fully franked final dividend of 4.0cps, bringing the FY20 net dividend to 7.0cps.
Read MoreAustralian Foundation Investment Co is dipping into reserves to pay an unchanged final dividend for the year to June 30 after a big fall in profit.
Read MoreBell Potter analyst William Gormly updates developments in the LIC market where the Board of Blue Sky Alternatives Access Fund has announced it has entered into a deed of termination with the current investment manager.
Read MoreListed investment company Djerriwarrh has taken the axe to its final and full-year payout to shareholders, despite only reporting a modest 4.1% drop in earnings for the year to June.
Read MoreMark Freeman Chief Executive Officer & Managing Director at Australian Foundation Investment Co (ASX: AFI) provides an update on the LIC’s investment process and investing philosophy.
Read MoreBell Potter analyst William Gormly updates developments in Australia’s listed investment company market where WAM Capital’s investment portfolio has delivered an outperformance over the benchmark of 4.4% in FY20.
Read MoreMelbourne based LIC Mirrabooka Investments has given us the first hint of what the June 30 reporting season is going to be like for the sector – not pretty, and it has also given us a heads up about the wider market and especially the ASX 200 – not pretty either.
Read MoreBell Potter analyst William Gormly updates developments in Australia’s listed investment company market and highlights Future Generation Global which has traded at an average discount wider than 20% this calendar year.
Read MoreWhat does the future hold for the LIC/LIT industry following the Treasurer’s decision to exclude listed investment entities from the stamping fee provisions available to other listed companies?
Read MoreBell Potter analyst William Gormly updates developments in Australia’s listed investment company market where Clime Capital has announced a 16% YoY cut to the fully franked June quarter dividend.
Read MoreBell Potter analyst William Gormly updates developments in Australia’s listed investment company market where Adelaide-based Lanyon Asset Management has taken aim at Contango Income Generator Limited.
Read MoreBell Potter analyst William Gormly updates developments in Australia’s listed investment company market where MFF Capital Investments appears well-positioned with approximately $750m of cash in the portfolio.
Read MoreBell Potter analyst William Gormly updates developments in Australia’s listed investment company market where 5 LITs have maintained a strong level of income amidst the recent months of volatility.
Read MoreWill Gormly provides a comprehensive update on Australia’s LIC market for the March quarter and highlights MFF Capital Investments, Magellan Global Trust, and Australian Foundation Investment Company as top picks in the sector.
Read MoreWill Gormly updates developments in Australia’s LIC market where Whitefield Limited (WHF) has reported a year-on-year (YoY) decrease in investment revenue and net profit of 2.6% and 9.0%, respectively.
Read MoreWill Gormly updates developments in Australia’s LIC market where Pengana International Equities Limited (PIA) has provided an update to the market that it is well placed to deliver a fully franked final dividend later in the calendar year.
Read MoreInformation Technology (IT) and Health Care have been two of the top-performing global sectors in 2020 so far, showing greater resilience amidst the global equity sell-off in the first quarter.
Read MoreWill Gormly updates developments in Australia’s LIC market where net cash as a percentage of investment assets and net cash in MFF Capital Investments Limited (MFF) has increased to 33.9%.
Read MoreWill Gormly updates developments in Australia’s LIC market where VGI Partners has delivered a strong March result with a pre-tax NTA and share price return of 1.4% and 2.7%, respectively.
Read MoreBell Potter analyst William Gormly updates developments in Australia’s listed investment company market where there are four WAM LICs that have upcoming fully-franked dividends payable that offer an attractive yield.
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