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."
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- Ann: May 2022 Investment Update
Ann: May 2022 Investment Update, page-12
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$1.44 |
Change
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Mkt cap ! $1.597B |
Open | High | Low | Value | Volume |
$1.44 | $1.45 | $1.43 | $1.661M | 1.156M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 370907 | $1.43 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.44 | 22542 | 4 |
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No. | Vol. | Price($) |
---|---|---|
36 | 336784 | 1.430 |
15 | 221885 | 1.425 |
31 | 279230 | 1.420 |
7 | 208835 | 1.415 |
19 | 231097 | 1.410 |
Price($) | Vol. | No. |
---|---|---|
1.435 | 6989 | 1 |
1.440 | 276174 | 6 |
1.445 | 95731 | 5 |
1.450 | 108615 | 12 |
1.455 | 33300 | 4 |
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