WAM wam capital limited

Ann: FY2025 Interim Results Q&A Webinar, page-23

  1. 1,381 Posts.
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    Incorrect. You can increase the profit reserve in any given month you make a profit. You then "increase" the accumulated losses reserve any month you make a loss. So you could have 11 months of losses and one month of profits and the profit reserve will still increase over a 12 month period. But the NTA won't!!!
 
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