What's wrong with WLE?, page-3

Hi Pav,
As Bob the Spruiker says , it hasn't dropped that much , it's price was 1.59 at the at the Wilson Fee Raising event.
Now Bob will desperately try and deflect you , but the price has still plummeted a lot more than its peers because
1. It went exdivi
2. the capital raise ( Bob thinks that it was terrific to raise money to increase the Wilson fee base )
3. See 2 , this did trade at a premium , but why pay
above the odds for something , if it seems that the returns are essentially artificially enhanced by returning bits of your nta.
And that premium is at risk from an opportunistic cap raise for the manager's benefit.

So , in summary, unless people can be convinced the Magic Pudding Premium is coming back, this is the new reality.
See also effect on WAM.
Both are likely to trade at or below nta in the future.
cheers