Geoff, as he often says, likes to buy $1 for 80c, which he does on a regular basis with his LIC takeovers. Selling over priced LICS and buying undervalued ones is an approach also applied to ones in the stable.
The recent takeover, WAM Alternative "WMA" is currently at a discount of circa 10%. It's a completely different animal to most LICS, is more diversified and holds unlisted assets.
WAX Price at posting:
$1.66 Sentiment: Buy Disclosure: Held
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