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An announcement from WAM Microcap Ltd. ( (AU:WMI) ) is now available.
WAM Microcap Ltd. announced a positive update on its investment portfolio, highlighting significant growth in January 2025. The portfolio’s performance was bolstered by the impressive contributions from companies like Dropsuite and Plenti Group. Dropsuite’s share price surged following a lucrative acquisition deal with NinjaOne, marking a 34.1% premium over its previous closing price, reflecting strong market confidence. Meanwhile, Plenti Group reported a record increase in loan originations and a substantial rise in cash net profit after tax, enhancing investor confidence in its growth trajectory.
More about WAM Microcap Ltd.
WAM Microcap Ltd. operates in the financial investment industry, focusing on identifying undervalued growth opportunities in the Australian micro-cap market. The company is involved in managing an investment portfolio that includes a range of small-cap companies in various sectors.
YTD Price Performance: 4.47%
Average Trading Volume: 180,006
Technical Sentiment Consensus Rating: Strong Sell
For a thorough assessment of WMI stock, go to TipRanks’ Stock Analysis page.
