My understand of the business model of this LIC is that they need it to trade a no discount or premium to NTA. That is what truly opens the door to takeovers. If I'm an existing holder of a fund trading at a discount, why wouldn't I want to be taken over and have the gap to NTA close. Or the other way around, if WAR and the other fund had the same NTA but the other trades at a 20% discount, a share for share offer Sounds pretty interesting.
so for, I'll wait and see where the share price relative to NTA settles.
Ann: Strong support for WAM Strategic Value IPO, IIR Recommended, page-13
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Last
$2.26 |
Change
-0.040(1.74%) |
Mkt cap ! $802.8M | |||
| Open | High | Low | Value | Volume |
| $2.29 | $2.29 | $2.25 | $974.3K | 429.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23097 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 9500 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| WGB (ASX) Chart |