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The latest announcement is out from WAM Research Ltd. ( (AU:WAX) ).
WAM Research reported net tangible assets of 97.47 cents per share before tax at the end of January 2026, with total assets of $203.4 million and an investment portfolio that has returned 14.3% per annum since its strategy change in 2010, outperforming the S&P/ASX All Ordinaries Accumulation Index. The company highlighted a FY25 full-year dividend of 10 cents per share, 60% franked, and noted that the sustainability of franked dividends at current levels depends on generating further profits reserves and franking credits through positive portfolio performance and taxable realised gains.
During January, WAM Research’s portfolio declined, but holdings moved differently, with specialist automotive parts distributor Supply Network contributing positively after issuing a strong earnings forecast and fully franked interim dividend that reinforced confidence in its earnings momentum. In contrast, wealth and retirement products provider Generation Development Group detracted from performance despite reporting robust growth in funds under management and inflows, as its share price fell on valuation concerns and investor positioning, which WAM views as a buying opportunity given its conviction in the group’s medium-term growth outlook.
The most recent analyst rating on (AU:WAX) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on WAM Research Ltd. stock, see the AU:WAX Stock Forecast page.
More about WAM Research Ltd.
WAM Research Limited (ASX: WAX) is an Australian listed investment company focused on identifying undervalued growth opportunities in the local sharemarket. It manages a diversified portfolio of small to mid-cap stocks and targets reliable, tax-effective income for shareholders through fully or partially franked dividends, supported by its profits reserve and franking credit balance.
Average Trading Volume: 112,464
Technical Sentiment Signal: Buy
For detailed information about WAX stock, go to TipRanks’ Stock Analysis page.