QV Equities Limited (QVE), like many other listed investment companies (LICs), has recently been trading at a discount to its net tangible asset (NTA) value. This led the QVE Board to establish an on-market buyback of up 10% of shares which the Board expects to contribute to QVE’s NTA per share.
The QVE portfolio focuses on well-established, good quality companies that pay dividends. As a result, the QVE portfolio stands out when compared to many other LICs.
In this article, we take a deeper look at QVE’s top 10 portfolio holdings as at the end of November 2019 and offer brief reasons as to why these stocks are held in the QVE portfolio.
December 9, 2019
