Hard to believe WAX traded at 1.045 a little while ago. At 30 April their asset backing per share was 1.0488. They are still paying a half yearly 5c dividend that is 60% franked and the dividend reserve at 30 April was 42 cents. That is over 4 years of 10 cent dividends in reserve.
I jumped in for a sizable (for me) buy at 1.055 (before the further fall) but even at my buy price that 10 cents pa dividend is a rate of 9.5% pa net which, with 60% franking, is 11.6% gross.
Why would anyone sell WAX when it has such a great, well protected yield??
WAX no longer at premium
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Last
$1.21 |
Change
0.015(1.26%) |
Mkt cap ! $245.9M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.19 | $137.0K | 114.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29021 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 9010 | 2 |
View Market Depth
| Last trade - 15.37pm 27/09/2024 (20 minute delay) ? |
| WAX (ASX) Chart |