Discussion in 'Listed Investment Companies (LIC) and Trusts (LIT)' started by austing, 19th Sep, 2016.
FAN had a good day yesterday...
FAN has had a take-over offer from Freedom Furniture parent ( a South African company )
since this LIC in particular is strongly tilted towards opportunism , was it bought on straight good value metrics , or a correct suspicion this offer ( or a rival one ) would be made ??
i was trying to post the new ( released at the end of the day holdings for WAX to show how active they can be .
i noticed CDM ( a LIC i hold ) is back into holding 30% cash .
while one LIC won't tilt my decisions very much , a trend of managers holding more cash could slgnal a dip in the near future ... say a group expecting disappointing earnings .
could be something to watch
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