well, i didn't calculate retrospectively but it is simply to say this type of mistake is very much possible by tiny retail holder without any financial or market background where they sell before the results and then realise the company did very well in the results so price shoot up.. ! if you know OML then it is one of the well talked company on market but was in loss for some time around covid obviously it wasn't taht bad that portfolio sell it just a week out of results are announced in my opinion. currently Wilson has negative franking reserve on WAM annual report so any stock paying fully franked dividend are the keeper until franking are collected in my opinion.
while hindsight is always better for small retail investor as majority loose money but portfolio manager should be in touch with company they hold more then 5% stake regularly and i was told Wilson was good at doing it and that is why they are charging high fees but it seems many of the Wilson fund reporting massive losses and i see same CEO & Portfolio manager across many of them so it is right time Wilson take job in his hand or find someone better to manager WAM in my opinion.
price goes up and down for every security but there should be some logic in exiting portfolio like OML.. IMO... !
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3 | 37655 | 1.525 |
11 | 133606 | 1.520 |
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18 | 108707 | 1.510 |
Price($) | Vol. | No. |
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