WAM 0.34% $1.47 wam capital limited

But are they hiring? on a serious note, here's the copy pasta...

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    But are they hiring?

    on a serious note, here's the copy pasta from the horses mouth:

    WAM Capital's pre-tax NTA increased 12.5% in the 12 months to 30 June 2023, including the 15.5 cents per share of fully franked dividends paid to shareholders during the year. This increase is after 5.8 cents per share or 4.1% of corporate tax paid during the year. The corporate tax payments made throughout the year was the major item of difference between the investment portfolio performance increase of 18.2% and the NTA performance of 12.5%. The franking credits attached to corporate tax payments are available for distribution to shareholders through fully franked dividends. Other items contributing to the change in the value of the assets during the year were management fees of 1.0%, performance fee of 0.4%, other company related expenses of 0.3% being offset by capital management accretion of 0.1%.


    so the total expense load last FY was about 5.7%, with the bulk (4.1%) being an interest free iou to the gummint
 
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