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0.49%

$1.03 wam alternative assets limited

Ann: May 2024 Investment Update, page-11

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woollydog

3,576 Posts.

171

24/07/24

20:24

Post #: 74901404
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Originally posted by peejay2: ↑

Wooly, the trouble with LICs is that the NTA has little to do with the “value” of the holding.
eg. WLE May have a great portfolio of holdings and be a divvy cow, but the overall price of WLE (being an LIC) is only worth what another investor thinks it’s worth and what they are prepared to pay !
By that I mean, that WLE (the LIC) has nothing to do with the negotiability of a WLE share. It’s all about confidence in the portfolio manager (or lack of it). If the manager performs well, then buyer confidence will be higher and there will be buyers lined up to purchase. If confidence is lost due to poor management performance, not only does the SP go down in line with NTA but there are going to be fewer buyers which is going further push the SP down. No arguement with your figures, but confidence has a lot to do with LICs and, ATM most LIC managers are similarly affected. I guess this is why ETFs and active managers are gaining popularity these days ; if you want to exit the investment, at least you can get out at NTA !

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I don't think you read my post properly.
the WLE NTA ( with divs included ) has kept up with the A200 ETF over 5 years
but the share price ( with divs reinvested ) has BEATEN it, 9% p.a versus 7.4% p.a

WMA Price at posting: 98.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.03		Change -0.005(0.49%)		Mkt cap ! $200.7M

Open	High	Low	Value	Volume
$1.04	$1.04	$1.03	$126.6K	122.7K

Buyers (Bids)

No.	Vol.	Price($)
2	58868	$1.03

Sellers (Offers)

Price($)	Vol.	No.
$1.04	14480	1

View Market Depth

No.	Vol.	Price($)
2	58868	1.025
2	10600	1.020
1	30000	1.015
5	87917	1.010
2	38716	1.005

Price($)	Vol.	No.
1.035	14480	1
1.040	80800	3
1.045	42250	2
1.050	30701	1
1.055	1250	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

WMA (ASX) Chart

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