Yes the options were a dead weight for a long time and if WAM Global comes with options count me out. Even so I don't think WLE is doing anything wrong, the dividend is building and appears a stable investment option. Sure, I'd like the SP to creep up a bit too, maybe after the dividend SP dip more buyers will come in and create a bit of upward pressure (yes, that's more wishful thinking than any hard head analysis I admit). I also note that all of Wilsons LICs go ex div on 12 April so there's another factor to consider. Since I own all except WAA I'm expecting a bit of a hit (hopefully short term). Wilson still excellent long term investment in my humble opinion.
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