"Perceived" conflicts may be an understatement.
Why would WAR not know about the NTA of WGB well before the rest of the market. No mention of Chinese walls in the Wilson organisation in the prospectus or since then.
Its also interesting that only the WGB shares were purchased from WGB. The options that were part of the TGG merger must have stayed with WGB. I suppose this would be the correct path since WGB took the initial risk in doing the takeover (sorry "merger"). I assume they can just sell them.
Its not very clear to me how WAR shareholders benefit from this except that WGB trades at a small discount to NTA. The prospectus did say that WAR would have options on all LICs trading at discounts held by related entities when WAR listed. Can't say we were not informed.
BTW I had a large number (for me) of TGG shares which converted to WGB shares so if WGB benefits I am not complaining.
"Perceived" conflicts may be an understatement.Why would WAR not...
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Last
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Change
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Mkt cap ! $198.1M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.10 | $1.09 | $201.2K | 183.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 51634 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 253 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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$1.10 |
Change
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| Open | High | Low | Volume | ||
| $1.09 | $1.10 | $1.09 | 1683 | ||
| Last updated 14.45pm 17/05/2024 ? | |||||
| WAR (ASX) Chart |