Geoff Wilson is ready to be brave with an ASX laggard, Phil King loves a demerger candidate and there’s no shortage of stock pickers looking to miners.
Bravery can take many forms. Running into a burning building, for example. Getting into a boxing ring with a heavyweight champion. Or even nominating AMP as one of your top stock picks.
“So you’re buying at a 20 per cent discount now, and when they pay back half the money it’s what, a 30-plus per cent discount,” Wilson says. One of the perks for shareholders in the LICs is regular access to the roster of fund managers, who provided stock picks across the roadshow; we’ve collected these tips, which focus on the long term, below., which WAM believes is on track to beat market expectations at their full-year result for the first time in a long time. The company is trading at 16 times earnings and growing at 20 per cent per annum, Wilson says, but a profit beat should deliver a re-rating.
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