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
$1.58 |
Change
-0.025(1.56%) |
Mkt cap ! $1.759B |
Open | High | Low | Value | Volume |
$1.60 | $1.60 | $1.58 | $1.912M | 1.203M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 127093 | $1.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.59 | 87240 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 127093 | 1.580 |
2 | 27793 | 1.575 |
8 | 66158 | 1.570 |
1 | 6390 | 1.565 |
3 | 17680 | 1.560 |
Price($) | Vol. | No. |
---|---|---|
1.585 | 87240 | 1 |
1.590 | 8746 | 2 |
1.595 | 58746 | 2 |
1.600 | 80000 | 2 |
1.605 | 24998 | 1 |
Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
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