Bell Potter LIC Weekly: Wilson Asset Management Submits Takeover Bid

By William Gormly | More Articles by William Gormly

Bell Potter analyst William Gormly updates developments in the LIC market where WAM Capital Limited (ASX:WAM) has announced an unsolicited conditional off-market takeover bid for Concentrated Leaders Fund Limited (ASX:CLF). The offer consideration is scrip-for-scrip, being 2 WAM shares for every 3.7 CLF shares held.

Bell Potter’s Indicative NTA tracks the ‘indicative’ movement of a LIC’s underlying NTA each month by monitoring the percentage movements of the disclosed holdings and using an index to track the movement of the remaining positions. The Indicative NTA works best with

For full details refer to the detailed report below or click here to download your copy.

William Gormly

About William Gormly

William Gormly is an ETF/LIC Specialist at Bell Potter Securities. Will provides comprehensive coverage of the ETF and LIC sectors, producing a range of highly regarded reports covering investment fundamentals, asset class structure and cost, and the role of managed investments in portfolios.

View more articles by William Gormly →