Quote - "It will be interesting to see WLE"s monthly report. It's share price has fallen by about a third from the time the company announced its capital raising."
On ComSec WLE closed at $1.405 and its peak since starting was about $1.62. My mathemetics say a third of 1.62 is 54c which would make your current share price $1.08 (assuming the CR was done at the absolute peak, which was probably not the case). Perhaps you need to have another look and provide some real figures instead of spouting nonsense.
My figures show WLE is now at a discount of about 3% to the market value of its shares. That is unusual for WLE but even AFI and ARG are at slight discounts despite their normal (smallish) premiums. It could be that LIC's in general are not the flavour of the month yet ETF's are very popular at the moment. In the long run, it is likely that investments paying consistently high returns will be valued by investors despite the tendency for investors to follow herd instincts.
What's wrong with WLE?, page-2
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Last
$1.27 |
Change
-0.010(0.78%) |
Mkt cap ! $1.603B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.29 | $1.27 | $1.023M | 800.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 176617 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 118500 | 2 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WLE (ASX) Chart |