IMO the premium will continue to contract.
The use of cash has been timed almost the exact opposite of perfect in the last 6 months. WAM sold at the bottom in NOV/DEC, held the cash through the January rise and mised it, and then reduced cash in February as market returns stabilised at a low rate. Effectively missing the better part of returns for 2018/19.
Whilst they have paid consistent dividends, they haven't out-performed the market for 3 years now.
I know for some people fully-franked dividends are very lucrative and tax-effective, but the proposed changes to franking credits will reduce the number of people enticed to franked dividends and push people towards Capital Gain producing stocks/funds.
With the reduced shareholder market for stocks like these and the shine wearing off the Wilson Brand, I think WAM will trade closer to NTA in the coming years.
IMO/DYOR
IMO the premium will continue to contract. The use of cash has...
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Last
$1.45 |
Change
-0.003(0.17%) |
Mkt cap ! $1.619B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.46 | $1.45 | $501.1K | 344.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 482253 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 39421 | 1 |
View Market Depth
| Last trade - 12.18pm 30/05/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
-0.003 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.46 | $1.46 | $1.45 | 306481 | ||
| Last updated 12.41pm 30/05/2024 ? | |||||
| WAM (ASX) Chart |