WLE does perform decently so I don't see a problem with the performance. It wouldn't be an issue if management didn't raise with a discount but it's not in the shareholders best interests if they do. A bit of a conflict of interest IMO as the management get higher fees and the long term holders just get diluted. If you asked management they'd say the extra capital will enable them to increase capital returns for all holders but I don't buy that.
The best management for a LIC I've seen is LSF which I hold. If there is a discount to NTA the management buy up with their own money and/or do buybacks. No raises necessarily, just performance.
Ann: Trading Halt, page-13
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add WLE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.27 |
Change
-0.015(1.17%) |
Mkt cap ! $1.597B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.27 | $1.017M | 797.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 199818 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 86586 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WLE (ASX) Chart |