I sold some too. The SPP was at $1.39, my holdings are in the SMSF so tax free, the premium to NTA I was talking about, the fact that today’s SP is EX div, the absence as yet of March’s monthly report etc etc etc. I have no axe to grind with the results of WMI or the management, but a premium to NTA of over 30% ex div, seems euphoric as I think a lot of shares are now. I can’t remember who recommended Regal ( RF1), but am up something like over 25% since early Feb. Meanwhile Glennon (GC1) by my calculation is trading at something like 30% discount to NTA. Therein lies the opportunity for the investor I guess. I can’t help wondering which of the Wilson fan club is going to break ranks with WMI and start the sell down (if indeed it happens ?)
WMI Price at posting:
$2.20 Sentiment: Hold Disclosure: Held
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