Wilson Asset Management (WAM) Shares

I have enjoyed being a holder of WAM, but at present it seems to be on a down run.
Should I continue to hold?

A: Yes, it is on a down run. Some of the gloss has come off the performance, and the premium to NTA is still too high.

I think the latter is unsustainable – and on this basis, it is a sell.

Further, if you are worried about the impact of a possible change to franking credits (as proposed by Bill Shorten), LICs trading at a premium are particularly vulnerable.


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