kura
27-04-2017, 11:34 AM
Have been a holder of WAM for many years & enjoyed a decent return from them in the past.
However I sold out about 6 months ago, as I felt that no investment manager was that good , as to warrant a share price that exceeded NTA by about 20%
I see that they have now taken over management of Century Australia (CYA) and will apply the WAM investment approach to CYA. As CYA trades at about NTA I figured this would be a far better long term investment, & just for an added bonus CYA has the benefit of tax losses.
Disc: Purchased some CYA yesterday
However I sold out about 6 months ago, as I felt that no investment manager was that good , as to warrant a share price that exceeded NTA by about 20%
I see that they have now taken over management of Century Australia (CYA) and will apply the WAM investment approach to CYA. As CYA trades at about NTA I figured this would be a far better long term investment, & just for an added bonus CYA has the benefit of tax losses.
Disc: Purchased some CYA yesterday