Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

3 Pages (Click to Jump) V  < 1 2 3   
 
  
Reply to this topic

AFI, AUSTRALIAN FOUNDATION INVESTMENT COMPANY
nipper
post Posted: Sep 15 2017, 10:01 AM
  Quote Post


Posts: 10,054
Thanks: 2814


QUOTE
AFIC announces the prospective retirement of Ross Barker as Managing Director and Chief Executive Officer (CEO) at the end of the year. Mark Freeman, current CIO, will take over.

- Mr Barker has been a steady pair of hands. The succession looks normal, no real egos at play here, and thus expensive hires/ handcuffs (ditto for some of the other LICs such as Argo).

LICs have always been my preferred route, for 'locking in' the boring bit of the portfolio. They are not 'set and forget', but managed with a long term view. I don't see the attraction of ETFs; low fees are only part of the story. (agree with your take, balance)

QUOTE
Australian Foundation Investment Company (ASX: AFI) is Australia's oldest listed investment company (LIC), established in Melbourne, Australia in 1928.

AFIC is a closed end fund that specialises in managing a portfolio of Australian equities.

It has approximately 120,000 shareholders and $6.9 billion in funds under management (FUM) as at 30 June 2017






--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: rick001  
 
balance
post Posted: Aug 4 2017, 11:58 AM
  Quote Post


Posts: 5,660
Thanks: 630


In Reply To: nipper's post @ Aug 4 2017, 09:45 AM

There are heaps of people piling into ETFs particularly those run by Vanguard because of their low fees. The "You can't time the market or beat the market" theme is quite strong out there. And for many people it's likely true.

I see AFI as a good alternate to a simple index fund as they can avoid or lighten some stocks / sectors that are really on the nose whereas index funds of course must own and weight everything within the scope of the fund.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
nipper
post Posted: Aug 4 2017, 09:45 AM
  Quote Post


Posts: 10,054
Thanks: 2814


11 years since the last post on AFI; and this $6bill LIC has just updated their monthly NTA - maybe becoming 'less boring'

PS the MER is lower than Aussie ETFs, and dividends have 100% franking






--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
goldi
post Posted: Dec 11 2006, 11:25 AM
  Quote Post


Posts: 495
Thanks: 5


Perhaps this stock is too boring to rate much discussion, but hey, some balance form my ridiculously speccies is required.

Anyway, SFI are just completing a share acquisition plan, and at the same time announcing an on-market share buyback.

Does this compute?

goldi



--------------------
Life is a terminal disease
 
tasteofmoney
post Posted: Jul 13 2005, 07:01 PM
  Quote Post


Posts: 348


The chart says it all!!.
Attached image(s)
Attached Image

 


 
joyful
post Posted: Mar 14 2005, 05:01 PM
  Quote Post


Posts: 283


In reply to: equusmedical on Sunday 13/03/05 10:22pm

i hold AFI but this Gavin Ross is also a huge supporter of ERG been ramping it for years now all the way down to .20
Is it the same guy?
Used to be on 774 on monday mornings but not on anymore (wonder if he was sacked)

 


equusmedical
post Posted: Mar 13 2005, 10:22 PM
  Quote Post


Posts: 1,184
Thanks: 41


Mentioned by Gavin Ross many times over the last few years that he has been discussing finance on 3LO - 774.

Very big supporter.

Can hear his thoughts on the 3LO website.

EM



--------------------
"...many investors are immersed in Internet chat rooms and message boards exchanging questionable information and misleading tips." The Warren Buffett Way
 
influxweb
post Posted: Jun 22 2004, 03:15 PM
  Quote Post


Posts: 1,206
Thanks: 3


AFI
Attached image(s)
Attached Image

 


 
 


3 Pages (Click to Jump) V  < 1 2 3

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING