ASX:WARCapital Markets
WAM Strategic Value (ASX:WAR) Shares Reflect Rich Margins And Slower Growth
WAM Strategic Value holders watched the stock close at A$1.16 on 21 August, with recent returns modestly positive, then had to weigh that price against a fresh set of full year numbers. The headline is not the revenue line. It is the profitability profile. The fund is still running very high net margins around 60%, yet the latest period shows a slight squeeze compared with last year and a one year earnings growth rate that trails the five year pace.
So the short term price looks steady while...