WAX wam research limited

Can someone explain to me why anyone would pay $1.60 for this...

  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
$1.25
Change
0.005(0.40%)
Mkt cap ! $257.8M
Open High Low Value Volume
$1.27 $1.27 $1.25 $57.75K 46.18K

Buyers (Bids)

No. Vol. Price($)
1 60000 $1.25
 

Sellers (Offers)

Price($) Vol. No.
$1.27 13258 2
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Last trade - 10.25am 15/09/2025 (20 minute delay) ?
WAX (ASX) Chart
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