Paul Rickard in today's Switzer newsletter suggests selling WAM as its SP has too much of a premium:
"However, portfolio performance has waned recently. Over 1 year, 3 years and 5 years it has underperformed compared to the S&P/ASX All Ordinaries Accumulation Index, and over 1 and 5 years, it has underperformed compared to the Small Ordinaries Accumulation Index. For example, in the year to 31 May, the portfolio lost 8.5% compared to a positive return of 4.7% for the All Ords, an underperformance of 13.2%. Again if management fees were included, the underperformance would be worse.
On 31 May, WAM was trading at $2.09, putting it on a massive premium of 25.9% to its NTA of $1.66. On Friday, having gone ex-dividend of 7.8c during the month, WAM was trading at $1.725."
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- Ann: May 2022 Investment Update
Ann: May 2022 Investment Update, page-12
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Last
$1.44 |
Change
0.020(1.41%) |
Mkt cap ! $1.603B |
Open | High | Low | Value | Volume |
$1.43 | $1.45 | $1.42 | $2.828M | 1.973M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | $1.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.45 | 64520 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 1.435 |
4 | 121065 | 1.430 |
10 | 131922 | 1.425 |
38 | 457941 | 1.420 |
9 | 272661 | 1.415 |
Price($) | Vol. | No. |
---|---|---|
1.445 | 64520 | 7 |
1.450 | 149079 | 13 |
1.455 | 26800 | 3 |
1.460 | 66546 | 9 |
1.465 | 171196 | 6 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
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