They took a right royal beating and repeated it seems. The index trashed them in comparative performance. Especially as the fees for WLE are huge vs buying the index.
The concern. Using similar tactics to what got them into trouble with WAM i.e needing to acquire other LICs for the franking credits & simultaneously increasing the dividend payout even as NTA declined (to sustain the share price) (eventually WAM had to freeze the divi payment and then reduce franked % from 100% to 60%).
I would rather they held the dividend vs increased the dividend payment when the NTA fell (if they feel it isn't a systemic issue).
Now the NTA shrinks at an even faster rate (declining performance and erosion of capital due to divi payment). Means they need to now start significantly outperforming to try and make-good and grow faster than the market.
Has the Wilson stable lost the mojo it had ? Or is this just a temporary blip of crappy performance.
They took a right royal beating and repeated it seems. The index...
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Last
$1.37 |
Change
0.005(0.37%) |
Mkt cap ! $1.865B | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.38 | $1.37 | $832.6K | 608.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 47044 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 142103 | 8 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| WLE (ASX) Chart |