I think both (WAM & WAX) are different propositions now compared to the GFC.
WAM is a much bigger player than it was then, bigger market cap and gains access to issues etc that it previously didn't . Wax has changed it methodology since then also . . . but did any of the LIC's hold up very well during the GFC?
ARG dropped 20 -25% during the pull back in 2011, CTN even more and still hasn't got anywhere near what it was early 2011.
I think the whole LIC sector is very different/more popular as an investment strategy now than 10 years ago and are seen as safer havens in times of questionable returns.
WAX has enough profits and credits for the next 3 dividend payments, so that is a year and a half to ride out any troubles.
I think both (WAM & WAX) are different propositions now compared...
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Last
$1.08 |
Change
-0.005(0.46%) |
Mkt cap ! $219.3M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.08 | $1.06 | $163.0K | 151.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4892 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 22310 | 2 |
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| Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
| WAX (ASX) Chart |