DSK Chart, page-45

WAM stopped selling is the story I think. They had been selling since July so we should see the share price run back up further.

By my rough calculations WAM should now have sold out all together or be very close.

Anywhere in 3’s this is very cheap. It’s
trading on a fully franked dividend of 9% dividend while still growing. No debt.

While lockdowns may impact trading currently, longer term it doesn’t impact the value of this business.

There is a risk something is really wrong that WAM knows that we don’t but I find it hard to think what that would be.

The only other thing I would say to look out for is more sell downs from Catalyst buy out fund once end of year report comes out. I believe a new parcel of shares they own come out of escrow once the results are released.