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 !
Feeling quite Nervous -WMI
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Last
$1.43 |
Change
0.005(0.35%) |
Mkt cap ! $395.9M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.44 | $1.42 | $720.1K | 503.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9091 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 52148 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.44 |
Change
0.005 ( 1.41 %) |
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| Open | High | Low | Volume | ||
| $1.42 | $1.44 | $1.42 | 92759 | ||
| Last updated 15.01pm 07/06/2024 ? | |||||
| WMI (ASX) Chart |