Paul Rickard in today's Switzer newsletter suggests selling WAM as its SP has too much of a premium:
"However, portfolio performance has waned recently. Over 1 year, 3 years and 5 years it has underperformed compared to the S&P/ASX All Ordinaries Accumulation Index, and over 1 and 5 years, it has underperformed compared to the Small Ordinaries Accumulation Index. For example, in the year to 31 May, the portfolio lost 8.5% compared to a positive return of 4.7% for the All Ords, an underperformance of 13.2%. Again if management fees were included, the underperformance would be worse.
On 31 May, WAM was trading at $2.09, putting it on a massive premium of 25.9% to its NTA of $1.66. On Friday, having gone ex-dividend of 7.8c during the month, WAM was trading at $1.725."
Ann: May 2022 Investment Update, page-12
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Last
$1.52 |
Change
0.005(0.33%) |
Mkt cap ! $1.696B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.52 | $1.51 | $340.6K | 224.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8449 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.52 | 97366 | 8 |
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| Last trade - 12.41pm 12/11/2024 (20 minute delay) ? |
| WAM (ASX) Chart |