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cash still close to 40 per cent. Still trading a fair bit below NTA
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WAM Alternative Assets reported an operating profit before tax of $11.7 million (FY2022: $23.2 million) and an operating profit after tax of $9.5 million (FY2022: $18.1 million). During the 2023 financial year, the WAM Alternative Assets investment portfolio increased 6.5%*.

Since the appointment of Wilson Asset Management as Investment Manager in October 2020, the investment portfolio has increased 11.6%* per annum. The investment portfolio performance over this period was achieved with volatility of 3.4%, lower than the volatility of the S&P/ASX All Ordinaries Accumulation Index of 14.3%, as measured by standard deviation.

As at 31 July 2023, the Company’s profits reserve was 18.4 cents per share, representing 3.7 years of dividend coverage for shareholders, before the payment of the final fully franked dividend of 2.5 cents per share. The Board is committed to paying a stream of franked dividends to shareholders, provided the Company has sufficient profits reserves and franking credits, and it is within prudent business practices.

<blockquote data-quote="Dona Ferentes" data-source="post: 1241484" data-attributes="member: 66457">cash still close to 40 per cent.&nbsp; Still trading a fair bit below NTA .WAM Alternative Assets reported an operating profit before tax of $11.7 million (FY2022: $23.2 million) and an operating profit after tax of $9.5 million (FY2022: $18.1 million). During the 2023 financial year, the WAM Alternative Assets investment portfolio increased 6.5%*. Since the appointment of Wilson Asset Management as Investment Manager in October 2020, the investment portfolio has increased 11.6%* per annum. The investment portfolio performance over this period was achieved with volatility of 3.4%, lower than the volatility of the S&amp;P/ASX All Ordinaries Accumulation Index of 14.3%, as measured by standard deviation. As at 31 July 2023, the Company’s profits reserve was 18.4 cents per share, representing 3.7 years of dividend coverage for shareholders, before the payment of the final fully franked dividend of 2.5 cents per share. The Board is committed to paying a stream of franked dividends to shareholders, provided the Company has sufficient profits reserves and franking credits, and it is within prudent business practices.</blockquote>

[QUOTE="Dona Ferentes, post: 1241484, member: 66457"] [I]cash still close to 40 per cent. Still trading a fair bit below NTA [/I] . WAM Alternative Assets reported an operating profit before tax of $11.7 million (FY2022: $23.2 million) and an operating profit after tax of $9.5 million (FY2022: $18.1 million). During the 2023 financial year, the WAM Alternative Assets investment portfolio increased 6.5%*. Since the appointment of Wilson Asset Management as Investment Manager in October 2020, the investment portfolio has increased 11.6%* per annum. The investment portfolio performance over this period was achieved with volatility of 3.4%, lower than the volatility of the S&P/ASX All Ordinaries Accumulation Index of 14.3%, as measured by standard deviation. As at 31 July 2023, the Company’s profits reserve was 18.4 cents per share, representing 3.7 years of dividend coverage for shareholders, before the payment of the [B]final fully franked dividend of 2.5 cents [/B]per share. The Board is committed to paying a stream of franked dividends to shareholders, provided the Company has sufficient profits reserves and franking credits, and it is within prudent business practices. [/QUOTE]

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