Cant help thinking that WMI is now trading at too much of a premium to NTA. This same situation occurred when the stock was trading at $1.51 and the NTA was something like 25-30 cents less and I sold half my holding. It was absolute yonks before the SP reached my sell price again. The premium now, just appears too much over NTA and I am contemplating it again. I did top up in he SPP but if I recall, that was at $1.39 ? It’s moved a lot in a short period and as Geoff says, it’s good to buy a $ for 80 cents.
Apart from the expectation of future gains, a hopefully increasing dividend, and the cash rates being so low, can anyone talk me out of it ?
Altho with the reasons above, I guess I have already provided the ammunition......
Ann: November 2020 Investment Update, page-4
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Last
$1.46 |
Change
0.015(1.04%) |
Mkt cap ! $404.4M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.48 | $1.45 | $191.6K | 130.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14991 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 5000 | 1 |
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| Last trade - 15.32pm 15/11/2024 (20 minute delay) ? |
| WMI (ASX) Chart |