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CBA isn’t the only valuation puzzle for Australia’s biggest LIC

AFIC has almost $1 billion tied up in CBA stock, and is watching its eye-watering valuation closely. But it’s not CEO Mark Freeman’s only worry.

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Mark Freeman, the chief executive of Australian Foundation Investment Company, is working through two valuation conundrums as he gears up for the 2025 financial year.

The first concerns the largest holding in the portfolio of Australia’s biggest and oldest listed investment company: Commonwealth Bank.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/cba-isn-t-the-only-valuation-puzzle-for-australia-s-biggest-lic-20240729-p5jxf5