I am lucky enough to have held WAM since IPO and have made a small fortune in dividends over the years however I have slowly been reducing my position over the last 12 months due to poor performance but mostly due to the premium to NTA ,particularly last week when I saw the results and the large cash holding.
Why pay Geoff 1% to hold cash when I can hold cash myself for 3% return and wait and see if the market does crash (as Geoff predicts/bets). I plan on buying back into WAM at $1.50 and WAX below $0.80 once the market crashes and Geoff starts deploying the cash to better uses.
If Labor get in (likely) then this will be another headwind to the WAM stable and will likely result in a closing of the premium gap due to the large number of individuals and SMSF holders of WAM stock that love the dividend and the ranking credits.
I am lucky enough to have held WAM since IPO and have made a...
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Last
$1.04 |
Change
0.005(0.48%) |
Mkt cap ! $211.2M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.05 | $1.04 | $37.83K | 36.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 41337 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 4999 | 1 |
View Market Depth
| Last trade - 12.02pm 30/05/2024 (20 minute delay) ? |
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Last
$1.04 |
Change
0.005 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $1.04 | $1.04 | $1.04 | 3000 | ||
| Last updated 12.34pm 30/05/2024 ? | |||||
| WAX (ASX) Chart |