Never miss an update

Search Results

Showing results for 'WAM'

WAM Capital

Fund Manager: Wilson Asset Management
Inception Date: Aug 01, 1999

It was only a matter of time until it happened. Poster boy of the Australian LIC landscape, Geoff Wilson and his team at Wilson Asset Management (WAM) are joining the increasing popular Global Listed Investment Company (LIC) space with their latest IPO, WAM Global Limited (WGB). The IPO is expected to open on 1 May 2018 and close on 8 June 2018, raising up to a total of $550m. This will be WAM’s 7th LIC, making them the manager with the most LICs on the ASX. With their LICs approac ... [More]

Small, cap-focused listed investment company WAM Capital has doubled its cash holdings since the end of last year as it looks to go bargain hunting after the ASX rout. But chairman Geoff Wilson said the firm was only "nibbling" at stock at this stage, and claimed the correction would highlight the value of active managers after a general shift towards passive strategies. "As an investor, this is when we get excited," Mr Wilson said of the global sell-off and the prospect of finding bargains. [More]

Catriona Burns grew up surrounded by market animals, but they were not your typical stockbrokers or traders. She comes from a long line of ferocious bargain hunters, including her mother who was raised on a property in Rockley, NSW, (population 182), and where the family spent school holidays. As the daughter of an auctioneer father, and jewellery and decorative arts specialist mother, she grew up on the auctions circuit "finding undervalued gems with a view to selling them later for profit", reflecting her family's interest in investing over the generations. [More]

Amazon has not yet perfected its fresh food offering in the US and its ability to take the oxygen out of the fresh food sector in Australia appears overstated, value investor John Ayoub says. "The reality is Amazon won't affect the earnings of these companies now and not for some time," Wilson Asset Management's Ayoub says.  "If we take a step back, the market is very vulnerable to noise. The fundamentals are taking a back seat and people are concerned about the outlook. If there's any incremental development that makes people more concerned, you see the knee-jerk reactions. Amazon's a wonderful business and whatever they set their minds to they eventually get there.   [More]

The chief investment officer of WAM Capital is confident the small end of the market will outperform blue chips in the year ahead, as hopes of US President Donald Trump turbo-charging economic growth fade and investors resume the hunt for bargains. WAM Capital, which will release its results on Monday, has lifted its full-year dividend 3.4 per cent to 15 cents, fully franked. But the listed investment company, which focuses on small to medium stocks, posted an investment portfolio return of 11.7 per cent, below the All Ordinaries accumulation index return of 13.1 per cent.   [More]

Wilson Asset Management have certainly been busy in recent times. After raising a record $400m with WAM Leaders Fund (WLE) last year, and in more recent times successfully taking over management of Century Australia (CYA) and working on a $75m capital raising within that fund, the team is now launching yet another LIC to add to their stable, this time with a focus on Microcaps. The fund is raising up to $154m, with the offer expected to be open until 14 June. What are microcaps? Wilso ... [More]

WAM lodges microcap LIC prospectus

Investor Daily - May 10, 2017

Wilson Asset Management is looking to raise more than $150 million in an initial public offering for a new microcap-focused listed investment company after lodging a prospectus for the IPO. The new company, WAM Microcap Limited, will focus on small and microcap stocks and, according to Wilson Asset Management chair Geoff Wilson, will give investors “undervalued microcap growth companies with a market capitalisation of less than $300 million at the time of acquisition”. The initial public offering seeks to raise $154 million through the issue of up to 140 million shares at $1.10 each, with the offer slated to open on 15 May 2017, Mr Wilson said. Almost 80 per cent of the capital raising, $121 million, will be offered to existing Wilson Asset Management entity shareholders through a priority allocation offer expected to end on 5 June 2017. [More]

Investors in the Wilson Asset Management stable of LICs (WAM, WAA, WAX, WLE) will probably be aware that Wilson has quietly taken over control of Century Australia (CYA). Wilson are now raising $75m to add to the $80m already held in CYA to give it a total market capitalisation of around $150m. Why takeover CYA? For quite a while over 2015 and early 2016 Wilson built a large position in CYA, due to its steep discount to NTA at the time and a large amount of tax losses sitting on the balanc ... [More]

WAM bam, thank you ma'am

AFR - Apr 20, 2017

It's been a busy day for the folks at Wilson Asset Management, who are set to raise a combined $250 million in the coming weeks.  WAM is expected to launch a new micro cap listed investment company within the next few weeks and is understood to be targeting around $150 million. Street Talk reported earlier this year that the name "WAM Microcap Limited" had been registered with the corporate regulator.  The fund will invest in companies with market capitalisations of less than $300 million, sources said.  [More]

We almost fell of our chairs on Monday when we saw Listed Investment Company (LIC) Australian Leaders Fund (ALF) fall almost 10% in a single day of trade. ALF is an Absolute Return manager (meaning they can buy stocks as well as short or sell stocks), whose price generally sees much lower fluctuation than the broader market due to its long/short nature. ALF manages around $360m of funds and has fairly decent liquidity, so we knew something was up to see such a large fall in a day and dug a littl ... [More]

Find a Fund