WZR also take funding from depositors at an attractive interest premium to banks, I think it is somewhere around 7.25% and the money is actually ringfenced from the actual ASX entity to protect the capital.
There are some conditions on the speed of withdrawal, so it's only for cash you don't need in a 24 month time period.
I looked at this facility before, but never got around to it and just let my money sit with CommSec at around 2.4%. The details of the offer are all on their website.
Yesterday's move was nice, but with low supply this stock can be very volatile, so it could easily fall back as in the past. Having said that, there is a great deal of interest in the recently announced numbers, so there should be more buyers than sellers. It would be nice if it hit 10 cents today and a new floor was set.
WZR Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
