I had a similar discussion with a friend about Wilson in general. A few things made me unhappy and sold out around $1.6 last year.
we put the cap raising in a very simple term. Say
the company has 100, is charging a fee of $1, receiving 5 in div from investment and distribute 7 including franking credit.
in year two, the coy now only have 100 -1 +5 -7 =97. A 1% fee is 0.97 and that's not enough to pay for staff wage increase, office rent increase and the sky rocket overhead cost. What to do? Well...as a boss I want the base increase from 97 to something like 105. 110 is better. Say the new base after capital raised is 110, the boss now have a fee of $1.1, enough to cover for wage increase and overheads.
Two of my friends dumped all thier WLE after ex date.
I am awaiting Wilson loyal fans to provide constructive feedback of my not so professional comment above
Ann: March 2023 Investment Update, page-26
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Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $1.858B | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.37 | $1.36 | $2.097M | 1.538M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3136 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 23000 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WLE (ASX) Chart |