Connect with us

Business

2 great LICs I’d buy for strong total returns // Motley Fool Australia

Published

on

ADVERTISEMENT

I think listed investment companies (LIC) can be a really good way to make good long-termtotal returns if you find good investment managers.

The job of a LIC is to invest in other shares on behalf of shareholders. If they make good investment returns then it should lead to good growth of the share price and usually attractive dividends.

Fees are part of the picture. The higher the fees that the LIC charges, the more that detracts from the LIC’s net returns.

There is a complication to consider with LICs. They sometimes trade at a premium to their net tangible asset (NTA) value and sometimes they trade at a discount. That means you can buy $1 of assets for $0.90 if the NTA discount was 10%. Sometimes LICs trade at a premium, so the…



Click here to view the original article.

Business

Sezzle (ASX:SZL) share price charges higher on Q3 update // Motley Fool Australia

Published

on

ADVERTISEMENT

The Sezzle Inc (ASX: SZL) share price is on course to end the week with a bang.

In morning trade the buy now pay later provider’s shares are up 3% to $7.12.

Why is the Sezzle share price shooting higher today?

Investors have been buying Sezzle’s shares following the release of its third quarter update this morning.

Like rivals Afterpay Limited (ASX: APT) and Zip Co Limited (ASX: Z1P), Sezzle has continued its strong growth during the recent quarter.

For the three months ended 30 September, the company reported a 231.5% increase in underlying merchant sales (UMS) to US$228.2 million. This was also up 21.4% quarter on quarter.

And based on its UMS for the month of September, the company achieved an annualised UMS run-rate of…



Click here to view the original article.

Continue Reading

Business

Why the AMP (ASX:AMP) share price could be set to rocket higher today // Motley Fool Australia

Published

on

ADVERTISEMENT

The AMP Limited (ASX: AMP) share price could be set to rocket higher this morning on takeover reports.

Management confirmed that Ares Management Corp Class A (NYSE: ARES) lobbed a bid to the entire embattled wealth manager.

But shareholders (including myself) will need to pinch ourselves to stop from getting too excited. The takeover proposal is indicative and non-binding.

Further, AMP didn’t disclose how much Ares may be willing to pay.

AMP share price in M&A spotlight

However, I know it’s a decent offer as management is engaging with the suitor, even though AMP said these negotiations are “very preliminary”.

Is AMP trying to set expectations low? The Australian Financial Review reported that things may not be so…



Click here to view the original article.

Continue Reading

Business

Takeover talks puts AMP (ASX:AMP) share price in focus // Motley Fool Australia

Published

on

ADVERTISEMENT

After being circled by funds for 6 weeks since it put up the “for sale” sign, a private equity firm is confirmed to be in talks to buy AMP Ltd (ASX: AMP). US private equity firm, Ares Management, appears to have access to a data room for due diligence. This is a very strong signal that the board is willing to sell, after a 77.6% slide in the AMP share price over the past 5 years. 

AMP consists of a bank, the financial planning business, and the AMP Capital funds management division. According to its website it has approximately $189.8 billion in assets under management (AUM). Its current market cap is $4.4 billion.

Could AMP see a bidding war?

The Australian Financial Review believes the US fund is preparing an offer north of…



Click here to view the original article.

Continue Reading

Trending

You might also like ...

post featured image
3 outstanding ASX growth shares to buy after the market selloff – Motley Fool Australia
Sydney Online News
Error Loading Site | 502 Bad Gateway
3 outstanding ASX growth shares to buy after the market selloff // Motley Fool Australia