"After a challenging 2022, WAM Global has achieved a solid start to FY2023." "the Company’s investment portfolio has increased 5.3% in the financial year to 31 October 2022. The MSCI World Index (AUD) increased 8.1% during the period". I'm glad he thinks underperforming the market by almost 3% is "solid".
No mention of how much is in the franking reserve at 31 October, just that "The ability to generate franking credits is reliant on the receipt of franked dividends from investee companies and the payment of tax on profit".I don't think WGB receives many franked dividends from its largely international holdings and doesn't presently generate profit on which to pay tax.
"TSR decreasing 32.3% for the year."
WGB Price at posting:
$1.87 Sentiment: Sell Disclosure: Not Held
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