Hi Steve. This is my rough calculation. I always calculate on after tax NTA with LIC's as ultimately tax has to be paid on profits in the fund.
30th June after tax nta was $ 1.15. Add say 1% for fund increase = $ 1.16.
306 mill opts ( at $ 1.10 ) if all exercised would end up with 706 m shares.
Take off around 45% of the 6c difference = 2.4c.
1.16 - 2.4 = 1.136 less the 2c div in Nov. gives $ 1.116c
If the market drops around Nov/Dec there is a natural buffer to a fall for WLE in as much as a lot of the opts proceeds would probably still be as cash in the fund.
Best of luck, but DYOR.
Cheers Riv
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$1.31 |
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Mkt cap ! $1.654B |
Open | High | Low | Value | Volume |
$1.32 | $1.33 | $1.31 | $793.0K | 601.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 117600 | $1.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.32 | 32540 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 117600 | 1.310 |
4 | 69489 | 1.305 |
9 | 307973 | 1.300 |
5 | 119805 | 1.290 |
1 | 2000 | 1.285 |
Price($) | Vol. | No. |
---|---|---|
1.315 | 32540 | 1 |
1.320 | 64469 | 3 |
1.325 | 80899 | 7 |
1.330 | 76295 | 2 |
1.335 | 100000 | 1 |
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