WAM 1.00% $1.52 wam capital limited

Investment help, page-62

  1. 1,285 Posts.
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    @Tinwins. I too had CAM some years ago and sold at .96. I dont think they have ever been as high again. I sold because at that time, they just seemed to be an index hugger and none of their stock picks seemed to be “adventurous” or contrary. On that basis, I couldnt see them outperforming the pack. Since that time, I think they have followed the example of Cadence, where they have diversified into international stocks as well. I know that John Abernathy is fairly conservative and not a risk taker, so perhaps CAMs returns were somewhat restricted because of that. We are talking about perhaps 3 years ago. I just looked up their latest returns and they did almost 16% last year and have just announced a 1 for 40 bonus issue, so it might be a case of just being misunderstood ! Personally, am happy not to be with CAM, but thats only because I like the managers to have a bit of “zing” in their approach and not be afraid to take a contrary approach. Eg. CVF, GC1, LSF and to a lesser and more conservative degree, the Cadence pick with Macquarie Bank at something like $17 ?
 
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