It's most likely just buying after the turn of the Financial Year. Traditionally these WAM stocks have performed well, from an SP perspective, right up to just before the ex date of the next dividend and then crashes by more than the worth of the dividend. I'd imagine the surge has just been this tactical buying.
WAM Price at posting:
$1.52 Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)