Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
WAM Microcap Ltd. ( (AU:WMI) ) just unveiled an update.
WAM Microcap Ltd. announced a significant outperformance of its investment portfolio, surpassing the S&P/ASX Small Ordinaries Accumulation Index by 8.9% over the last six months of 2024 and achieving a 31.7% increase for the calendar year. This performance led to a remarkable 257.9% rise in operating profit before tax, amounting to $45.1 million, and a 240.6% increase in operating profit after tax, reaching $32.5 million. Consequently, the company declared an increased, fully franked interim dividend of 5.3 cents per share. With interest rate cuts anticipated in the latter half of 2025, WAM Microcap expects a favorable climate for initial public offerings and corporate activities, potentially benefiting its investment portfolio.
More about WAM Microcap Ltd.
WAM Microcap Ltd. operates as an investment company focusing on small-cap investments, primarily targeting the S&P/ASX Small Ordinaries Index. The company is known for its robust portfolio management strategies and delivering substantial returns and dividends since its inception.
YTD Price Performance: 5.82%
Average Trading Volume: 170,964
Technical Sentiment Consensus Rating: Sell
For an in-depth examination of WMI stock, go to TipRanks’ Stock Analysis page.
