What's everyone's plan here? I'm down ~60% on AYS.
I was initially thinking about holding AYS through to wind up (getting the benefit of the capital return, effectively getting an immediate return given it will still exceed my losses), but there is a slight premium taking the all scrip WAM offer. The valuation of WAM seems to have occurred at a high point and WAM trades at a premium to NTA, but I'm guessing this is because Wilson is recognised for consistent returns. The delayed WAM dividend also makes the equation more attractive.
Also assume it must be a tax reason for rollover relief to only be available if WAM reaches 80% acceptance.
AYS Price at posting:
78.0¢ Sentiment: Hold Disclosure: Held
