The stated NTA BEFORE Tax in Feb 21 was $1.67. The SP of WMI has powered ahead lately cum a 4c a share FFR dividend. The SP today is $2.16, which amounts to a 29% premium to last months NTA before tax. This is heady territory and a VERY significant premium to NTA given that even if the SP drops 5-6 cents Ex dividend, at today’s prices it will still trade at a 25% premium to NTA.
Now there is no argument that WMI is not a well run fund, but Geoff Wilson is well known as a canny buyer of value, liking to buy a dollar for 80 cents. Notwithstanding that WMI MAY have had a good March and that the NTA is likely to have risen, there doesn’t seem to be much evidence against the fact that WMI seems to be significantly overvalued on SP. I suspect that Geoff would definitely not be a buyer at today’s prices and can’t help wondering that IF one was to trim ones holdings, whether we would get a chance to buy in at a lower price.
There seems to be an awful lot of optimism built into today’s SP !
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The stated NTA BEFORE Tax in Feb 21 was $1.67. The SP of WMI has...
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Last
$1.42 |
Change
-0.015(1.05%) |
Mkt cap ! $393.1M |
Open | High | Low | Value | Volume |
$1.44 | $1.45 | $1.42 | $230.1K | 160.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2779 | $1.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.44 | 9351 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2779 | 1.420 |
3 | 30082 | 1.415 |
4 | 60707 | 1.410 |
6 | 56488 | 1.405 |
11 | 96787 | 1.400 |
Price($) | Vol. | No. |
---|---|---|
1.440 | 9351 | 1 |
1.445 | 93269 | 6 |
1.450 | 62850 | 5 |
1.470 | 4000 | 1 |
1.480 | 4255 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
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