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
$1.43 |
Change
0.005(0.35%) |
Mkt cap ! $395.9M |
Open | High | Low | Value | Volume |
$1.42 | $1.44 | $1.42 | $720.1K | 503.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 9091 | $1.43 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.44 | 52148 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9091 | 1.430 |
1 | 10000 | 1.425 |
3 | 19750 | 1.415 |
3 | 62651 | 1.410 |
2 | 20712 | 1.405 |
Price($) | Vol. | No. |
---|---|---|
1.440 | 52148 | 2 |
1.445 | 8506 | 2 |
1.450 | 92284 | 7 |
1.455 | 5290 | 1 |
1.460 | 15921 | 2 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.44 |
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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 ? |
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