Wilson Asset Management

The plan to align the tax treatment of off-market share buybacks with that of on-market buybacks puts smaller companies, self-funded retirees and retail investors at a disadvantage, according to portfolio manager Scott Kelly, who worries the proposed changes are “just the beginning”.

After a three-month run as the most-traded ASX stock on Selfwealth’s platform, Neuron Pharmaceuticals ceded its spot to CBA in June as healthcare, mining and banking stocks jostled for investors’ attention.

For investors looking for alternatives to equities and fixed income, listed investment companies and trusts provide diversification and short-dated exposure to long-term investment strategies, not to mention inflation protection, industry leaders said at a recent event.

The Treasury has released for public consultation draft legislation aimed at closing a tax loophole for off-market share buybacks, prompting renewed fears over the future of franking credits despite assurances that mum-and-dad investors will not be affected.

From shorting banks to going long on software and putting cash on the throne, fund managers give their thoughts on near term opportunities with reporting season in the rear view mirror.

Wilson Asset Management’s founder Geoff Wilson is gearing-up for a new $225 million listed investment company (LIC) called WAM Strategic Value Limited (ASX: WAR). The listing price will be $1.25 a share. According to the prospectus,  plans are to issue between 13.2 million shares and 180 million shares, depending on demand. The first $125 million would…

Geoff Wilson of Wilson Asset Management fame and the Stock Brokers and Financial Advisers Association have joined with the SMSF Association in attempting to get fairer access for small investors in company capital raisings. ASIC is in their sights. In a webinar organised by the SMSF body yesterday (November 25), coinciding with SMSF Week, Geoff…