Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
WAM Capital Ltd. ( (AU:WAM) ) has shared an update.
Wilson Asset Management Group has notified EML Payments Limited that it has ceased to be a substantial holder in the company, according to a Form 605 lodged under section 671B of the Corporations Act. The notice, signed by chief operating officer Kim Heng, indicates that as of 28 August 2025 the group and its related entities no longer hold a relevant interest of 5 per cent or more of EML’s voting securities, reducing their influence over shareholder resolutions and corporate decisions.
The change in status may signal a shift in Wilson Asset Management’s portfolio allocation away from EML, though the form does not disclose the specific consideration or detailed mechanics of the transactions involved. For EML and its investors, the exit of a previously substantial institutional holder could alter the company’s share register dynamics and potentially affect trading liquidity and market perception of the stock.
The most recent analyst rating on (AU:WAM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WAM Capital Ltd. stock, see the AU:WAM Stock Forecast page.
More about WAM Capital Ltd.
Wilson Asset Management Group, which includes WAM Capital Ltd, is an Australian fund manager specialising in listed investment companies on the ASX. It actively invests in a portfolio of Australian and global equities, aiming to generate market-beating returns and provide income-focused outcomes for its shareholders through disciplined stock selection and capital management.
Average Trading Volume: 810,599
Technical Sentiment Signal: Buy
Find detailed analytics on WAM stock on TipRanks’ Stock Analysis page.