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WAM Research Ltd.
(Sydney:WAX)
WAM Research Ltd. (WAX) vs. iShares MSCI Australia ETF (EWA)
WAM Research Ltd. Business Overview & Revenue Model
WAM Research Ltd. Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 74.54M | 54.24M | 25.06M | -28.33M | 76.15M | -10.33M | Gross Profit |
| 68.91M | 54.24M | 25.79M | -31.20M | 82.33M | -13.13M | EBIT |
| 61.34M | 45.41M | 22.89M | -30.84M | 73.73M | -12.70M | EBITDA |
| 24.18M | 44.90M | -239.33K | 0.00 | -228.25K | 0.00 | Net Income Common Stockholders |
| 52.47M | 32.47M | 16.85M | -20.70M | 52.29M | -7.84M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 238.78M | 217.68M | 183.82M | 182.56M | 248.21M | 190.91M | Total Assets |
| 251.71M | 233.64M | 203.56M | 204.50M | 263.54M | 207.16M | Total Debt |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Net Debt |
| -15.09M | -11.78M | -11.21M | -37.63M | -8.84M | -30.35M | Total Liabilities |
| 19.12M | 18.97M | 4.43M | 5.68M | 27.91M | 8.36M | Stockholders Equity |
| 232.59M | 214.66M | 199.14M | 198.83M | 235.63M | 198.80M |
| Cash Flow | Free Cash Flow | ||||
| 18.66M | 17.27M | -10.13M | 44.68M | -5.86M | -11.79M | Operating Cash Flow |
| 18.66M | 17.27M | -10.13M | 44.68M | -5.86M | -11.79M | Investing Cash Flow |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -11.79M | Financing Cash Flow |
| -16.91M | -16.70M | -16.29M | -15.89M | -15.65M | -15.36M |
WAM Research Ltd. Technical Analysis
WAM Research Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$61.81M | 4.83 | 14.62% | 2.76% | 454.96% | ― | |
71 Outperform | 5.31 | 19.97% | 8.73% | 103.77% | 85.88% | ||
58 Neutral | $4.96B | 18.48 | -17.00% | 7.20% | 13.61% | -24.47% | |
| ― | ― | ― | ― | ||||
70 Outperform | AU$66.63M | 8.83 | 34.01% | 7.45% | 19.50% | 31.19% | |
53 Neutral | AU$28.14M | ― | -9.28% | 0.68% | -13.78% | 50.00% | |
41 Neutral | AU$251.93M | ― | -2.32% | ― | -67.43% | -131.40% |
WAM Research Ltd. Corporate Events
WAM Research Limited announced an update regarding its dividend distribution for the period ending December 31, 2024. The update pertains to the Dividend Reinvestment Plan (DRP) price, which is a crucial detail for investors participating in the DRP. This update reflects the company’s commitment to transparency and providing timely information to its shareholders, impacting their investment decisions and the company’s market positioning.
Wilson Asset Management Group has become a substantial holder in Energy One Limited, acquiring a 6.51% voting power through ordinary shares. This development indicates a significant investment interest in Energy One, potentially impacting its market positioning and signaling confidence in its future prospects.
WAM Research Limited announced an interim dividend of 5.0 cents per share, partially franked at 60%, payable on April 30, 2025. The company’s ability to continue paying dividends at the current level depends on generating additional profits reserves and franking credits. The investment portfolio saw mixed performance, with The Reject Shop contributing positively due to its acquisition by Dollarama, while Myer Holdings faced challenges impacting its earnings. Despite this, WAM Research remains optimistic about Myer Holdings’ future prospects.
WAM Income Maximiser Limited has announced an offer of up to 340 million fully paid ordinary shares at $1.50 per share, aiming to raise a maximum of $510 million. This offer includes a priority allocation to members of the Wilson Asset Management Family, a broker firm offer, and a general offer. The company advises prospective investors to consult the Prospectus and Target Market Determination before applying for shares.
Wilson Asset Management Group has increased its voting power in Austin Engineering Limited from 9.14% to 10.23%, indicating a significant change in the substantial holder’s interests. This change in voting power could impact Austin Engineering’s decision-making processes and influence its strategic direction, potentially affecting stakeholders and market dynamics.
WAM Income Maximiser Limited, a new listed investment company under Wilson Asset Management, has opened its initial public offering (IPO) earlier than planned due to strong investor demand, surpassing the minimum subscription requirement. The IPO aims to raise $510 million, with $180 million allocated as a priority to existing shareholders of WAM’s other LICs. The company seeks to provide monthly franked dividends and capital growth by investing in high-quality equities and corporate debt, positioning itself as the first Australian LIC to offer such benefits.
WAM Research Limited announced an interim dividend of 5.0 cents per share, partially franked at 60%, to be paid on April 30, 2025. The company’s investment portfolio outperformed the S&P/ASX All Ordinaries Accumulation Index in February, with significant contributions from EVT and Generation Development Group. EVT reported a 3.7% increase in EBITDA and an 8.3% rise in profit after tax, while Generation Development Group announced a major acquisition and reported substantial revenue and profit growth, enhancing its market position.
Wilson Asset Management has announced the launch of its ninth listed investment company, WAM Income Maximiser, which aims to fill a gap in the Australian equity market by providing monthly franked dividends and capital growth. The company has allocated $180 million of the $510 million capital raising as a priority offer to its existing shareholders and associated entities, addressing the demand for diversified income sources following changes in bank hybrid regulations.
Wilson Asset Management Group has become a substantial holder in Australian Clinical Labs Limited, acquiring a significant voting power of 5.83% through ordinary shares. This acquisition indicates a strategic move by Wilson Asset Management to increase its influence in the healthcare sector, potentially impacting the company’s future operations and market positioning.
WAM Research Ltd. has announced an upcoming webinar for its FY2025 interim results, featuring a Q&A session with key portfolio managers. This event will provide insights into the performance and market outlook of WAM’s investment portfolios, potentially impacting stakeholders’ understanding of current equity market opportunities.
WAM Research Ltd. announced a significant outperformance of its investment portfolio over the S&P/ASX indices, with a 39.9% increase in 2024, leading to a substantial rise in operating profits. The Board declared an interim dividend of 5.0 cents per share, supported by the strong portfolio performance and a robust profits reserve, indicating a strong financial position and commitment to shareholder returns.
WAM Research Ltd. has reported significant financial growth for the half year ending December 31, 2024. The company’s revenue from ordinary activities increased by 84.2%, while the net profit after tax rose by 75.0% compared to the previous year. The company announced an interim dividend of 5.0 cents per share, partially franked at 60%, with a dividend reinvestment plan in operation. This reflects the company’s strong market positioning and commitment to delivering shareholder value.
WAM Research Ltd. has announced a dividend distribution of AUD 0.05 per share for its fully paid ordinary securities (WAX). The dividend relates to the six-month period ending December 31, 2024, and will be paid on April 30, 2025. The ex-dividend date is set for April 15, 2025, and the record date for April 16, 2025. This announcement underscores WAM Research Ltd.’s commitment to providing consistent returns to its stakeholders, potentially enhancing investor confidence and solidifying its position in the competitive investment market.
Wilson Asset Management Group has increased its voting power in LGI Limited, as reported in a notice of change of interests in substantial holder. The change in voting power reflects a shift in the group’s influence within the company, potentially impacting its strategic decisions and interactions with stakeholders.