WAX 0.90% $1.10 wam research limited

Why buy at this price?

  1. 209 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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No. Vol. Price($)
2 31762 $1.09
 

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$1.10 1026 1
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