Right now WLE has fallen to a slight discount to the value of its assets (only about 1%).
It is paying a yield of over 9% gross (ie, including imputation credits).
I don't see any gross risks and there is a fair likelihood that people will start buying for this sort of yield (when they notice it) so that it may return to a premium. The current position has, I believe, been influenced by shareholders selling WLE to buy into alternatives.
Ann: August 2023 Investment Update, page-35
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Last
$1.35 |
Change
-0.015(1.10%) |
Mkt cap ! $1.837B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.36 | $1.35 | $1.600M | 1.184M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 204306 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 34447 | 3 |
View Market Depth
| Last trade - 14.04pm 11/11/2024 (20 minute delay) ? |
| WLE (ASX) Chart |