I think buying at around these prices are still good. With all that OV wrote in the above, I'd like to add another : this entity is now in a net cash position, ie no debts. Hence, even if interest rates are rising, WAM will have chance to adjust its position where necessary. It is exactly companies like these that can take advantage of a rising interest rate environment to strengthen itself further.
It's abt the yield for me too : a lower price means higher yield. I don't really see any reasons for WAM to cut its dpu in the near future.
Ann: Investment Update & NTA November 2016, page-11
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Last
$1.58 |
Change
0.000(0.00%) |
Mkt cap ! $1.759B | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.60 | $1.58 | $1.305M | 822.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 120966 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 6302 | 2 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| WAM (ASX) Chart |