WAM Capital a good buy?

Is Wam Capital Ltd a good buy ? considering the F16 results.
*Capital profit increased to 85.7%
*A fully franked full year dividend of 14.5 cents per share giving a 6.3% dividend yield.

A: Thanks for the question.

WAM Capital has delivered extraordinary results for its shareholders.
There aren’t too many stocks that can boast of the performance record they have. Consistent out performance compared to their benchmark.
It is, however, trading at a premium to NTA – in the order of 12% to 14% (WAM takes a while to update their NTA).
Would I buy it at the moment? Not with this premium.


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