When Wilson took over Bluesky in 2020 they promised to return to a premium of pre-tax NTA or shareholders would have the right to vote to wind up the company in five years. Well 2025 is almost here and unless something miraculous happens we're looking at a vote.
Given the lack of effort to close the discount, what is the strategy here? Does Geoff Wilson think he has the votes to keep the company together? Or are we facing down a scare campaign, the assets held by WMA are hardly liquid so any forced sale would see potential buyers holding all the cards and raising the current NTA in a firesale looks unlikely. An interesting 9-12 months ahead for this one.
WMA Price at posting:
$1.03 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)