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WIC westoz investment company limited

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$1.50

You take the dividend and then sell the WAM and have the choice...

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edshann

2,476 Posts.

734

17/03/22

13:49

Post #: 60251971
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Originally posted by peejay2: ↑

I worked out that you can roughly add 10c a share to WIC. BUT the rub is that you need to take WAM shares in lieu. The added benefit is the relatively huge fully franked dividend from WAM shortly after the conversion. I still think that there’s a place for a well run (read WIC) resources ( mining and mining contractors etc) fund, which has significantly outperformed WAM ! I will miss having that exposure as WIC is one of my largest holdings! Provided a very handy and reliable fully franked divvy too !

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You take the dividend and then sell the WAM and have the choice of NGE, LRT, LST or SNC (holds ILU and BCI). SNC is probably the closest in terms of dividend paying, with a mix of resources and non-mining shares. I hold three of them already.

WIC Price at posting: $1.38 Sentiment: Buy Disclosure: Held
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You take the dividend and then sell the WAM and have the choice...

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