From Affluence Funds Management:
WAM ALTERNATIVE ASSETS (WMA)
Unlike the previous two examples, WMA does not invest in listed equities. Instead, WMA owns alternative assets including water rights, private equity, agriculture and some real estate. This provides a different risk/reward profile and may help to diversify investment portfolios.WMA declared a dividend of 2 cents recently and stated they intend to copy that for the next dividend. Based on the 31 August NTA of $1.17 it reflects a 3.4% net dividend yield and 4.6% grossed up for franking credits. The closing share price was $1.03, with a 3.9% net yield and 5.2% grossed up for franking credits.At the end of August, WMA was trading at a 12% discount to NTA. Under the management agreement, if WMA does not trade at a premium to NTA at various time during the initial 5 year period, shareholders will have an opportunity to vote to wind up the LIC and return the proceeds to investors. This provides a clear catalyst for management to close the share price/NTA gap over the next few years, adding some potential further upside for investors.
- Forums
- ASX - By Stock
- WMA
- Ann: August 2021 Investment Update
WMA
wam alternative assets limited
Add to My Watchlist
0.51%
!
98.0¢

Ann: August 2021 Investment Update, page-2
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
98.0¢ |
Change
-0.005(0.51%) |
Mkt cap ! $192.6M |
Open | High | Low | Value | Volume |
98.5¢ | 98.5¢ | 98.0¢ | $475.3K | 484.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 44627 | 98.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.0¢ | 9029 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 44627 | 0.980 |
4 | 88423 | 0.975 |
5 | 60898 | 0.970 |
11 | 56571 | 0.965 |
5 | 112703 | 0.960 |
Price($) | Vol. | No. |
---|---|---|
0.990 | 9029 | 1 |
0.995 | 75183 | 4 |
1.000 | 346960 | 4 |
1.005 | 32000 | 2 |
1.010 | 27200 | 2 |
Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
Featured News
WMA (ASX) Chart |