WAM

I would like your thoughts on WAM, it is trading around $2.35 at the moment.
It is not normally a stock that drifts around too much especially around divided time and especially downwards.
I am a long term holder of WAM, and would appreciate your thoughts.

A: A great investment track record. But, weak on transparency (they still haven’t reported an NTA for October today 12 November), and trading at a premium, very vulnerable to a change in the franking credit provisions.

I don’t buy Listed Investment Companies trading at a premium.


Read Answer