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
$1.40 |
Change
0.010(0.72%) |
Mkt cap ! $387.5M |
Open | High | Low | Value | Volume |
$1.39 | $1.40 | $1.39 | $173.3K | 124.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 17230 | $1.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 34599 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.390 |
1 | 8817 | 1.385 |
3 | 11475 | 1.380 |
2 | 28000 | 1.375 |
3 | 30299 | 1.370 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 23500 | 2 |
1.410 | 23395 | 4 |
1.415 | 14844 | 2 |
1.420 | 78288 | 5 |
1.425 | 10000 | 1 |
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