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Also this is interesting on 2014 report it shows
Gains from purchase of subsidiary with the amount of $0 but why isn't it showing this component on year 2015 annual report?
I think this is a top companies all top qualities and been outperforming the market for over 10 years. Their investment strategy is very sound. Major risk would be though change in leadership because then research methods and **** might change. As long as the people currently running it are there I think its a good investment. Unless of course someone better comes along.
Also I would definitely not go through all of their holdings too much work this is the sort of company which I sorta would have faith in that will do well bit of speculation I guess lol. At the end of the day they look for certain things in companies for example high roe, low debt etc and will invest in companies only if they meet this criteria. So instead of me doing all that work they are doing so I don't see point in it.
Gains from purchase of subsidiary with the amount of $0 but why isn't it showing this component on year 2015 annual report?
Correct me if I am wrong, but my understanding of listed investment company like WAM is they basically buy and own stocks in other companies and assets. So an investor in WAM is basically buying a share in WAM's share on those other companies/assets.
You got to be careful when looking into these kind of company. Probably best to stay away from them as you're starting out. Once you're experienced and know enough, you'd probably stay away too unless you can be asked to study all the holdings their various trusts/sub holds.
To more or less accurately value these kind of company, you have to also look into each and every one of the holdings - i.e. you have to study all the companies and assets WAM holds. See if those are any good; see if WAM's take on their "market value" are reasonable... not that WAM would lie, but that the market price they take as each of those company's value may or may not be reasonable - you won't know until you've study each one of them.
So unless you can know, say, WAM's holdings in Woolworth is actually worth X... or you don't mind taking whatever the market value WOW at on WAM's report date as true value.
Since most of us don't have the time or the patience to look through these holdings.. I mean if we can or could, we'd go directly to them anyway right? So you're practically betting on the talent and ability of WAM's analysts and managers, which might or might not be good. If it's good then, is it still good now?
I think this is a top companies all top qualities and been outperforming the market for over 10 years. Their investment strategy is very sound. Major risk would be though change in leadership because then research methods and **** might change. As long as the people currently running it are there I think its a good investment. Unless of course someone better comes along.
Also I would definitely not go through all of their holdings too much work this is the sort of company which I sorta would have faith in that will do well bit of speculation I guess lol. At the end of the day they look for certain things in companies for example high roe, low debt etc and will invest in companies only if they meet this criteria. So instead of me doing all that work they are doing so I don't see point in it.