This was my thoughts exactly. I am fine with an LIC taking a conservative approach in regards to holding cash, and even more so when they are able to use it as effectively as WAM has been able to do recently, but I think that the effect of franking credits is vastly overvalued in the eyes of the market.
Share Price Falls 29/04, page-3
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Last
$1.56 |
Change
0.015(0.97%) |
Mkt cap ! $431.8M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.58 | $1.55 | $156.4K | 99.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 42118 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 45156 | 1 |
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| Last trade - 15.51pm 02/10/2024 (20 minute delay) ? |
| WMI (ASX) Chart |