Ezl- has definitely been better. Pretty sure when I was making the decision they were both around the $1 mark. Euroz is 15% up on that at the moment and I think it has some way to run, and directors have been buying plenty. I've seen 7.75 cents in dividends for the last 2 reporting sessions vs 6 cents from WIC. And again that's with WIC not beating the benchmark, and OZG barely beating it- so not much of their revenue was performance fees. I like that Euroz raised their dividend, which doesn't seem to happen with WIC.
So I can only imagine when WIC and OZG finally do outperform, EZL will bag plenty of performance fees. They will continue to make money from all the capital raisings going on too, so I like their near term prospects. If the price drifts lower after the excitement of reporting season, I'd be tempted to buy more. The directors all bought at around $1.03- so I've marked that as a good buy price.
It was good to see a director buy WIC during the crash though. I did take notice of that. It's getting pretty close to the NTA now though. There are other LICs at a better discount with similar fees, and I think just as much upside.
I do like subscribing to Westoz for investment ideas. I'm holding Neometals and have had others in the past.
EZL Price at posting:
$1.15 Sentiment: Hold Disclosure: Not Held
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