WAM Active Limited (WAA)



Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today » it's FREE! Already a member? Login now!


General Information
Company Name: WAM Active Limited
Stock Code: WAA
Website: www.wamfunds.com.au
GICS Sub-Industry: Other Diversified Financial Services
Market Cap ($M): 42
Equiv. Shares (M): 35

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 1.200 $ 1.200 $ 1.200 $ 1.200 $ 1.200 15,142 0%

Company Overview

Business Description:
WAM Active Limited (WAA) is a listed investment company that provides investors exposure to an active trading style with the aim of achieving an absolute return with a low correlation to traditional markets. The Company’s investment objectives are to deliver a regular income stream via fully franked dividends; to provide a positive return with low volatility, after fess, over most periods of time; and to preserve capital. MAM Pty Limited is an investment manager.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 3.2 9.7 34.9 12.8 9.6 7.7 100.0
2013  A 1.5 7.2 195.1 15.6 9.5 8.5 100.0
2012  A 0.4 2.4 -67.6 42.6 9.0 8.7 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Challenger (CGF) $3,868 M 0.0459 -0.0139 0.0545 11.2028 11.3602 10.7726 3.83 4.41 4.78
IOOF (IFL) $2,686 M 0.1260 0.1396 0.0995 17.0932 14.9992 13.6412 5.31 5.87 6.46
Macquarie Group (MQG) $18,806 M 0.5572 0.1448 0.0576 16.0040 13.9797 13.2179 6.42 5.13 5.34
Platinum Asset Mgmt (PTM) $3,835 M 0.4366 0.0573 0.0525 20.3453 19.2420 18.2825 5.15 5.05 5.54
WAM Active (WAA) $42 M 0.3486 -- -- 12.3584 -- -- 8.00 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
WAA 0.24 12.4 1.13 --
Market 1.13 13.6 1.00 1.02
Sector 1.17 13.4 1.05 1.85

Directors
Name Position Start Date
Mr Geoffrey James Wilson Non-Executive Chairman 06 July 2007
Mr Mathew James Kidman Non-Executive Director 06 July 2007
Mr John Bruce Abernethy Non-Executive Director 06 November 2007
Mr Chris Stott Non-Executive Director 01 July 2014
Ms Katherine Thorley Non-Executive Director 01 July 2014

Substantial Shareholders
Holding Name
2,234,793 (8.80%) Geoffrey James Wilson

Calendar of Events
Date Event
29 September 2015 Report (Annual)
04 August 2015 Report (Prelim)
03 February 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investing in Fixed Income

An educational booklet with information on how to earn more than bank interest on the cash in your investment portfolio.

More details...

News

Australian Share Market - Close Up

CMC Markets 11/11/2014 | The Australian share market is in a decision zone - and trading from here may set the direction for the rest of the year.

Prices slashed - everything must go!

Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 | “If you want to have a better performance than the crowd, you must do things differently from the crowd.” Sir John Templeton.

Aussie share market bulls now have company

Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 | Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.

The Importance of Ignoring the Noise of the Market

Carl Richards, director of investor education at the BAM Alliance 17/10/2014 | “As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”

You only dance twice

William H. Gross, Janus Capital Group 16/10/2014 | “Financial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding “minus” 10 basis points.”

The Big Picture - Australia 200 Index

CMC Markets 8/10/2014 | Share market indices around the globe are breaking down. While analysts cast around for reasons, it’s clear that a time factor is in play. Simply put, many investors “feel” a correction is overdue. How low could it go?

More...


Sponsored Links