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
$1.60 |
Change
0.015(0.95%) |
Mkt cap ! $1.775B |
Open | High | Low | Value | Volume |
$1.59 | $1.60 | $1.58 | $1.219M | 768.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2149 | $1.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.60 | 69099 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2149 | 1.590 |
4 | 25504 | 1.585 |
3 | 65317 | 1.580 |
5 | 72480 | 1.575 |
8 | 76196 | 1.570 |
Price($) | Vol. | No. |
---|---|---|
1.595 | 69099 | 3 |
1.600 | 206785 | 9 |
1.605 | 24998 | 1 |
1.610 | 35991 | 3 |
1.615 | 15000 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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