WAX wam research limited

Why buy at this price?

  1. 211 Posts.
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    Can someone explain to me why anyone would pay $1.60 for this LIC when it's NTA is less than $1.30?
    I understand that they have about 3-4 years of guaranteed dividends but buying at such a premium doesn't make sense.
 
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(20min delay)
Last
$1.22
Change
0.000(0.00%)
Mkt cap ! $251.5M
Open High Low Value Volume
$1.23 $1.24 $1.22 $119.3K 97.64K

Buyers (Bids)

No. Vol. Price($)
3 26826 $1.22
 

Sellers (Offers)

Price($) Vol. No.
$1.22 9242 3
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Last trade - 15.49pm 22/08/2025 (20 minute delay) ?
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