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The latest announcement is out from WAM Microcap Ltd. ( (AU:WMI) ).
Wilson Asset Management Group has lodged a notice that it has ceased to be a substantial holder in Autosports Group Limited. The change in substantial holding status arises from a decrease in WAM’s voting power following the issue of new ASG securities under an Appendix 2A application dated 1 April 2026, indicating a dilution of its stake without a disclosed on‑market sale.
The filing, signed by Autosports Group’s chief operating officer, shows that the shift in ownership stems from capital issuance rather than an active divestment. This change may modestly alter ASG’s share register composition and could signal evolving institutional support levels, though no broader strategic implications are explicitly detailed in the notice.
The most recent analyst rating on (AU:WMI) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WAM Microcap Ltd. stock, see the AU:WMI Stock Forecast page.
More about WAM Microcap Ltd.
Autosports Group Limited, listed on the ASX under the code ASG, operates in the automotive retail sector. The company’s business centers on the sale and servicing of motor vehicles, and it issues quoted securities on the Australian Securities Exchange as part of its capital management activities.
Average Trading Volume: 216,193
Technical Sentiment Signal: Hold
For an in-depth examination of WMI stock, go to TipRanks’ Overview page.