That only makes sense for companies with poor DRP plans.
The majority of companies now mandate the DRP price is the lower of the prevailing market price or NTA. When this is present, it doesn't matter if the share price is at a premium.
It's only a problem for WAM because they exploit the ridiculous premium wherever they can. Whether it be buying out other companies, using the premium to NTA as the ultimate bargaining chip, their DRP or talking up their TSR.
That only makes sense for companies with poor DRP plans.The...
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Last
$1.43 |
Change
-0.010(0.69%) |
Mkt cap ! $1.592B | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.45 | $1.43 | $3.080M | 2.143M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 367176 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 57109 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| WAM (ASX) Chart |