LICs I’m watching: AMCIL and Mirabooka

These two LICs come out of the AFIC stable and find opportunities outside of Australia's biggest companies.

Summary: AMCIL Ltd has shifted from the media investments portfolio it was in the early 2000s to become an LIC with the flexibility to invest across all sectors, and now provides exposure to undervalued opportunities in the medium term. Mirabooka Investments is an attractive way to get exposure to companies outside the ASX 50, but we want to invest at a fair price or better. 

Key take out: These two LICs will stay on our watch list, as they are trading at above what we consider the best value at present. 

Key beneficiaries: General investors. Category: Listed Investment Companies.



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