That is an increase of 14.5p
with respect to the buy in price of 24p that is a % gain of 60%.
In the bank your money may gain 4%.
LFI has gained 60%. 15 times as much.
If achieve 60% for the year from now then price will be 38.5 +60%
= 38.5 +23p = 61.5p.
Might be a boring grind getting there (a single share is of course much more volatile or 'interesting' ) but various advantages with a concentrated fund like LFI....if 1 share halves the affect on the total is not so great. And if the others go up then the total can still be up.
Who knows what will happen in the next year ...but at the moment the UK stock market (where almost all of the LFI investments are) is very strong and recent rises in the stocks held by LFI have been good....(MWB, WSE, etc) so at the moment there is no reason to expect the trend not to continue at the moment. (and the news/comments from the companies that LFI has large investments in are all solid at the moment. The one that has had the hardest year in the WSE/LFI stable in Swallowfield....but that holding is not so high....and there are possibilities there for this year...noting changes and that invested in machinery this year, significant % wrt company cap. value)
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