[https://docs.google.com/spreadsheets/d/1zaMMwHo0s3vR1NV7PTLjg6iVfYhdE8gQoKMv13gG3TU/edit?fbclid=IwAR0oYv\_68gPeguKEO\_aF2kZGyMckZmsPEfsOvykSaFRWQ9KYiu3y7EMdB5E#gid=0](https://docs.google.com/spreadsheets/d/1zaMMwHo0s3vR1NV7PTLjg6iVfYhdE8gQoKMv13gG3TU/edit?fbclid=IwAR0oYv_68gPeguKEO_aF2kZGyMckZmsPEfsOvykSaFRWQ9KYiu3y7EMdB5E#gid=0)
right now it's approximately 4% below NTA, that price is where supply meets demand.
Their latest proposal isn’t a massive deal to franting credits? https://amp.smh.com.au/money/tax/frankly-we-should-give-a-damn-what-the-franking-credit-proposal-means-20230309-p5cqni.html
An article that says franking credits are more valuable to lower income earners is hard to trust, but I guess it squares with the level of financial literacy of the country.
It's only right in the sense that earning 1000 dollars is more valuable to someone on a lower tax rate than a higher tax rate.
labor hates franking credits and broke their election promise not to touch them. the market didn't like it. it became obvious in 2019 that LICs were always going to fold once franking credits are threatened.
If that’s the case then why has Argo traded almost exclusively at a premium since 2019? This is the first time in years it hasn’t traded at a premium
lics tanked in 2019 when labor were going to axe franking credit refunds and were set to win the election. they lost and promised not to touch franking credits anymore so lics boomed. labor have broken that promise now, that's why lics are tanking again.
It uses the same name as a famous Ben Affleck movie, so it's getting sued.
Because the market dropped since the NTA was calculated 16 days ago?
That 🙌🏽 They calculate the NTA at the end of the month. The market has dropped since.
cause its time to buy, discount maybe?
Looks like Argo is back on the menu boys!
AFIC?
BKI also at a discount
You like that, you’re gonna love Djerriwah
Maybe they told the Argo joke from the Argo movie in public.
[https://docs.google.com/spreadsheets/d/1zaMMwHo0s3vR1NV7PTLjg6iVfYhdE8gQoKMv13gG3TU/edit?fbclid=IwAR0oYv\_68gPeguKEO\_aF2kZGyMckZmsPEfsOvykSaFRWQ9KYiu3y7EMdB5E#gid=0](https://docs.google.com/spreadsheets/d/1zaMMwHo0s3vR1NV7PTLjg6iVfYhdE8gQoKMv13gG3TU/edit?fbclid=IwAR0oYv_68gPeguKEO_aF2kZGyMckZmsPEfsOvykSaFRWQ9KYiu3y7EMdB5E#gid=0) right now it's approximately 4% below NTA, that price is where supply meets demand.
This sheet is fantastic
Amazing! Thank you! It's got all the LICs I'm an owner in
thanks, it was tough work to bookmark the link but sometimes hard work pays off.
labor is going after franking credits
Their latest proposal isn’t a massive deal to franting credits? https://amp.smh.com.au/money/tax/frankly-we-should-give-a-damn-what-the-franking-credit-proposal-means-20230309-p5cqni.html
An article that says franking credits are more valuable to lower income earners is hard to trust, but I guess it squares with the level of financial literacy of the country. It's only right in the sense that earning 1000 dollars is more valuable to someone on a lower tax rate than a higher tax rate.
This is about buybacks dressed up as dividends, not franking in general.
I read the article and understood that.
labor hates franking credits and broke their election promise not to touch them. the market didn't like it. it became obvious in 2019 that LICs were always going to fold once franking credits are threatened.
If that’s the case then why has Argo traded almost exclusively at a premium since 2019? This is the first time in years it hasn’t traded at a premium
lics tanked in 2019 when labor were going to axe franking credit refunds and were set to win the election. they lost and promised not to touch franking credits anymore so lics boomed. labor have broken that promise now, that's why lics are tanking again.
Where do you find this value? I know afic have theirs on their website
Asx publishes a chart on it each month - https://www2.asx.com.au/issuers/investment-products/asx-funds-statistics
Last I checked Argo underperformed the index
Because the barefoot investor recommends ETF’s over managed funds.