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."
Paul Rickard in today's Switzer newsletter suggests selling WAM...
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Last
$1.47 |
Change
0.000(0.00%) |
Mkt cap ! $1.636B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.48 | $1.47 | $1.153M | 784.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10628 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 239735 | 6 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$1.47 |
Change
0.000 ( 0.04 %) |
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| Open | High | Low | Volume | ||
| $1.47 | $1.48 | $1.47 | 340309 | ||
| Last updated 15.58pm 27/05/2024 ? | |||||
| WAM (ASX) Chart |