It's bargain buying time in WLE.
The discount to NTA has widened to dramatic levels due to recent underperformance, ex-dividend and selling pressure around the QVE scheme.
This wide discount is unlikely to persist..... Small & mid caps are starting to perform again. The selling pressure from incoming QVE holders is abating. And in coming weeks buying from franking credit hunters will recommence ahead of the Oct/Nov dividend.
Importantly, WLE has gotten to such a large scale now that if the discount does widen further, management will be forced to take action. Otherwise the vultures will come knocking and threaten to steal away Mr Wilson's prize fee-generating stream, as his holding is far too small to constitute a blocking stake.
- Forums
- ASX - By Stock
- WLE
- Bargain buying in WLE
Bargain buying in WLE
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WLE (ASX) to my watchlist
|
|||||
Last
$1.27 |
Change
-0.005(0.39%) |
Mkt cap ! $1.735B |
Open | High | Low | Value | Volume |
$1.28 | $1.29 | $1.27 | $1.722M | 1.348M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 265340 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 134506 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 265340 | 1.270 |
4 | 50890 | 1.265 |
2 | 73785 | 1.260 |
3 | 79860 | 1.255 |
15 | 214028 | 1.250 |
Price($) | Vol. | No. |
---|---|---|
1.275 | 134506 | 1 |
1.280 | 89045 | 1 |
1.285 | 71132 | 4 |
1.290 | 24357 | 2 |
1.295 | 27733 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
WLE (ASX) Chart |