WMA - WAM Alternative Assets

[Dona Ferentes]

...... and likely to remain below... G Wilson bought about $6million of the old BAF .... Subsequently, has stated if the new team can't get it to NTA within 5 years, then it would be wound up. At NTA. He'd be in his mid 70's by then, so it sounds like a good retirement payout.

WMA still under NTA. Paying a 2.5c ff dividend in April. ...Annual div is now at 5c, Not too much happening, trading around $1.09. Cash is high at 45%.

Now here's a scenario. .... from memory, and i could be wrong, when G Wilson bought the BAF shares, it was via his SMSF. So he'd have a sizeable balance, assuming it also holds other assets. Maybe now with the Labor move on large superann balances, any move to wind up WMA could be bought forward?

 

[Dona Ferentes]

cash still close to 40 per cent. Still trading a fair bit below NTA
.
WAM Alternative Assets reported an operating profit before tax of $11.7 million (FY2022: $23.2 million) and an operating profit after tax of $9.5 million (FY2022: $18.1 million). During the 2023 financial year, the WAM Alternative Assets investment portfolio increased 6.5%*.

Since the appointment of Wilson Asset Management as Investment Manager in October 2020, the investment portfolio has increased 11.6%* per annum. The investment portfolio performance over this period was achieved with volatility of 3.4%, lower than the volatility of the S&P/ASX All Ordinaries Accumulation Index of 14.3%, as measured by standard deviation.

As at 31 July 2023, the Company’s profits reserve was 18.4 cents per share, representing 3.7 years of dividend coverage for shareholders, before the payment of the final fully franked dividend of 2.5 cents per share. The Board is committed to paying a stream of franked dividends to shareholders, provided the Company has sufficient profits reserves and franking credits, and it is within prudent business practices.

 

[Belli]

The Board is committed to paying a stream of franked dividends to shareholders, provided the Company has sufficient profits reserves and franking credits, and it is within prudent business practices.

Substitute the above in bold for Section 254T of the Corporations Act and all shall become clear.

 

[Garpal Gumnut]

cash still close to 40 per cent. Still trading a fair bit below NTA
.
WAM Alternative Assets reported an operating profit before tax of $11.7 million (FY2022: $23.2 million) and an operating profit after tax of $9.5 million (FY2022: $18.1 million). During the 2023 financial year, the WAM Alternative Assets investment portfolio increased 6.5%*.

Since the appointment of Wilson Asset Management as Investment Manager in October 2020, the investment portfolio has increased 11.6%* per annum. The investment portfolio performance over this period was achieved with volatility of 3.4%, lower than the volatility of the S&P/ASX All Ordinaries Accumulation Index of 14.3%, as measured by standard deviation.

As at 31 July 2023, the Company’s profits reserve was 18.4 cents per share, representing 3.7 years of dividend coverage for shareholders, before the payment of the final fully franked dividend of 2.5 cents per share. The Board is committed to paying a stream of franked dividends to shareholders, provided the Company has sufficient profits reserves and franking credits, and it is within prudent business practices.

Thanks @Dona Ferentes

This was not a bad stock to hold after the Wuhan flu as it's "ethical holdings" contained Apple and other NASDAQ darlings and I through more luck than skill rode a wave from high 90c up to $1.15 from memory before exiting.

I must look at them again with Wilson managing. although I'm surprised their divie was only 2.5c should they still be NASDAQ darlings.

Upsies go downsie eventually, though good on them if they can navigate in these times..

gg

 

[Gretsch]

Upsies go downsie eventually, though good on them if they can navigate in these times..

gg

Too true!

 

[Belli]

Hmm, franking rate is 25% not 30% and, apparently consistent with LICs in the Wilson stable, portfolio performance is before expenses, fees and tax. If taking those aspects into account, I wonder what the performance would then look like.

 

[divs4ever]

Hmm, franking rate is 25% not 30% and, apparently consistent with LICs in the Wilson stable, portfolio performance is before expenses, fees and tax. If taking those aspects into account, I wonder what the performance would then look like.

yes, they would have to have some big winners to allow the div/ smoothing to make it look attractive to investors

( i hold stable-mate WAX )