An NTA of 89c at end of Mar. OK the market has moved 6.7%, so let call that 95c if they were fully invested. But they’re not, 40% in cash. Why on earth is this trading at $1.20?
I bought WAX during the GFC at a discount of >20% to NTA. I enjoyed a massive outperformance as Geoff and co invested well, beat the market with the portfolio and on top of that the SP went from a 20% discount to > a 20% premium. Sold all my shares a while back at 20-30% premiums.
why wouldn’t holders sell WAX and buy say WMI and WLE that are still managed by Geoff but trading on much smaller premiums? Or WGB trading at a discount?
An NTA of 89c at end of Mar. OK the market has moved 6.7%, so...
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Last
$1.19 |
Change
0.005(0.42%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.20 | $1.18 | $158.5K | 133.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28101 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 27609 | 3 |
View Market Depth
| Last trade - 14.43pm 30/07/2025 (20 minute delay) ? |
| WAX (ASX) Chart |