Hi, I am wrong. It does not actually seem that they have gone into anything of such nature yet. I have seen Stott expressing interest in some companies of this nature in the media recently (on livewire). I guess that could be for WLE or another LIC vehicle.
not sure I understand this- Yes WAM has been a phenomenal company but an LIC trading at a 20% premium made me a tad nervous. All it takes is a little bit of underwhelming performance for this premium to start closing up. If this happens I would consider hopping back in- I like the way these guys invest and the huge amounts of cash they hold.
My only other reservation is the management fees- on the expensive side. Justified? probably! but if they do not perform well these fees become a real kick in the guts.
Not saying sell. Still a good company. but personally I am not buying at these prices. I would be very interested around 5-10% premium though!
Ann: Investment Update & NTA December 2016, page-8
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Last
$1.50 |
Change
0.015(1.01%) |
Mkt cap ! $1.679B | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.50 | $1.49 | $1.382M | 925.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 67727 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 43796 | 2 |
View Market Depth
| Last trade - 14.42pm 07/11/2024 (20 minute delay) ? |
| WAM (ASX) Chart |