CYA - Century Australia Investments

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The above is an interesting investment opportunity for lateral thinking investors.

CYA is an LIC that has a below average investment performance. Normally I would not be intersted, however following some activism by Wilson Asset Management (WAM) their are significant changes afoot, which may present a good investment opportunity. The potted version is;

  •  The old investment manager has been sacked
  •  The new investment manager (WAM), has a very good record of sustained out-performance. LIC's managed by WAM typically sell at a significant premium to NTA.
  •  They are re-capitalising the business through a capital raising ( Taylor Collison / Bell). Details of the prospectus are not out yet, but expect the price to be near NTA.
I have done  review of CYA in my LIC blog. If you are interested let me know and I will send you an invite to the blog.

Depending on the content of the prospectus, I will probably invest in the recap.

Comments

  1. Davos26 April 2017 at 13:30

    I would also be interested in receiving the blog.
    Cheers,
    David

    ReplyDelete

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