Full Year 2024 Wam Capital Ltd Earnings Call Transcript
Key Points
- WAM Active Ltd (ASX:WAA) outperformed its benchmark by 26%, showcasing strong performance in the larger small-cap companies.
- The company has been able to take advantage of increased capital markets activity, including discounted stock lines and acquisitions.
- WAM Active Ltd (ASX:WAA) has a market-driven process that has been beneficial in the current environment.
- The company has a positive outlook on small caps, anticipating a potential turnaround as interest rates stabilize or decrease.
- WAM Active Ltd (ASX:WAA) has a strong dividend yield, providing a significant return to shareholders compared to the broader market.
- The small-cap sector has underperformed the broader market, creating a challenging environment for WAM Active Ltd (ASX:WAA).
- There has been a lack of initial public offerings and capital markets activity, which the company had anticipated.
- The share price of WAM Active Ltd (ASX:WAA) has been affected by cyclical factors, including a decrease in the premium to net tangible assets.
- The company faces challenges with the underperformance of small caps, which it views as cyclical but persistent.
- WAM Active Ltd (ASX:WAA) has experienced frustration with the depletion of its investable universe due to takeover activity.
I'd like to welcome everyone dialing in today for this afternoon's call to discuss WAM Capital, WAM Microcap, WAM Research, and WAM Actives full-year 2024 results. My name is Oscar Oberg, and with me is Tobias Yao, the portfolio managers of the four small-cap funds that we're talking about today. And also online is Bridget Thelander, who will be moderating the question-and-answer session.
Now Tobias and I had a bet before the call today, and we said also we might go to 3 hours. I think record is to 2 hours, 40 minutes. Tobias is 2 hours. I'm backing 3 hours. I've got to pick up my kids though from school. So unfortunately, it's got to be a hard stop at 3:00, otherwise, we'll get divorced.
So anyway, before we begin a disclaimer is displayed for you in this presentation, and obviously what we discuss today is general in nature and not financial advice.
So in terms of how the call will run today, I'll talk about the year that was in 2024. I'll talk about how we
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
