Paul Rickard in today's Switzer newsletter suggests selling WAM as its SP has too much of a premium:
"However, portfolio performance has waned recently. Over 1 year, 3 years and 5 years it has underperformed compared to the S&P/ASX All Ordinaries Accumulation Index, and over 1 and 5 years, it has underperformed compared to the Small Ordinaries Accumulation Index. For example, in the year to 31 May, the portfolio lost 8.5% compared to a positive return of 4.7% for the All Ords, an underperformance of 13.2%. Again if management fees were included, the underperformance would be worse.
On 31 May, WAM was trading at $2.09, putting it on a massive premium of 25.9% to its NTA of $1.66. On Friday, having gone ex-dividend of 7.8c during the month, WAM was trading at $1.725."
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- Ann: May 2022 Investment Update
Ann: May 2022 Investment Update, page-12
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Last
$1.52 |
Change
-0.010(0.66%) |
Mkt cap ! $1.686B |
Open | High | Low | Value | Volume |
$1.52 | $1.52 | $1.50 | $1.174M | 777.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 15296 | $1.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.52 | 3957 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15296 | 1.510 |
2 | 17613 | 1.505 |
15 | 75238 | 1.500 |
7 | 36646 | 1.495 |
17 | 123001 | 1.490 |
Price($) | Vol. | No. |
---|---|---|
1.515 | 3957 | 1 |
1.520 | 48985 | 4 |
1.525 | 89881 | 2 |
1.530 | 266134 | 13 |
1.535 | 48305 | 1 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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