Australia · Delayed Price · Currency is AUD WAM Strategic Value Earnings Call Transcripts
Fiscal Year 2026
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Portfolio up over 14% year-over-year with strong downside protection and 80% dividend coverage. Share price discount to NTA has narrowed to 10%, with further narrowing expected as capital is actively deployed into discounted opportunities.
Fiscal Year 2025
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The AGM reviewed an 8.6% portfolio return, a 5.6% fully franked dividend, and ongoing efforts to close the share price discount to NTA. Shareholders raised concerns about portfolio concentration and related party holdings, with the board outlining steps to address these and maintain a defensive cash position.
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Portfolio rose over 8% year-over-year, with high cash levels (20%) and a focus on discounted assets. Share price remains below NTA, but management is confident in closing the gap through active engagement and selective investments.
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Dividend increased by 33%, with a strong profit reserve supporting payouts for at least three years. Portfolio volatility remains lower than the market, and management is focused on closing the share price discount to NTA while maintaining high cash flexibility for future opportunities.
Fiscal Year 2024
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The AGM reviewed strong portfolio performance, leading to increased dividends and a focus on closing the share price discount to NTA. Board elections and governance matters were addressed, with strategic plans discussed for ongoing value creation and market opportunities.