WLE does perform decently so I don't see a problem with the performance. It wouldn't be an issue if management didn't raise with a discount but it's not in the shareholders best interests if they do. A bit of a conflict of interest IMO as the management get higher fees and the long term holders just get diluted. If you asked management they'd say the extra capital will enable them to increase capital returns for all holders but I don't buy that.
The best management for a LIC I've seen is LSF which I hold. If there is a discount to NTA the management buy up with their own money and/or do buybacks. No raises necessarily, just performance.
Ann: Trading Halt, page-13
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Last
$1.33 |
Change
0.005(0.38%) |
Mkt cap ! $1.803B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.33 | $1.32 | $1.155M | 875.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 286 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 24239 | 4 |
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| Last trade - 15.55pm 18/09/2024 (20 minute delay) ? |
| WLE (ASX) Chart |