Contango MicroCap is a LIC specialising in the Micro Cap end of the market and is part of the Contango Group.
Originally Posted by www.contango.com.au
- Market Cap 188 mill
- listed Mar 2004
- Consistent interim and final FF dividend history (except for 2009 )
- Gross yield about 5.1% (I'm factoring the last divy forward)
- No debt and lots of cash
I think that when the market really gets going and risk is less of an issue, its the quality small and micro caps that will make the biggest gains, and i reckon CTN is a great way to get a little exposure to that end of the market....as you can see below there weighted towards the resource and industrial sectors.
Im thinking they would roughly follow the small and micro caps index like an ETF if there was one....anyway im in today at $1.02 and will top up a little if they substantially dip, looking to do my usual and establish a small free carry position to hold for the longer term. I suppose i should put...please do your own research and don't consider this post to be advice of any kind, just my humble opinion.
Weightings from there September 09 quarterly http://www.asx.com.au/asxpdf/2009102...0283gt9s26.pdf