Print the Factsheet
WAM Capital Limited (WAM) is an investor in listed Australian equities. The investment objectives are to deliver investors a rising stream of fully franked dividends, to provide capital growth and preserve capital. WAM concentrates mostly on small to medium industrial companies.
| Quick Facts as at 30 April 2012 |
| Fund Size (millions) |
$176.3m |
| Net Assets per share (before tax) |
$1.63 |
| Share price as at 20 May 2012 07:02 PM |
$1.54 |
| Current Equity Exposure |
55.4% |
| Fully franked annualised interim dividend (cents per share) |
11.0 |
| Current annualised fully franked dividend yield |
7.14% |
| Perfomance as at 30 April 2012 |
1 Mth
% |
6 Mths
% |
Fin YTD
% |
1 Yr
% |
3 Yrs
% pa |
5 Yrs
% pa |
10 Yrs
% pa |
Since Inception
% pa
(Aug-99) |
| WAM Investment Portfolio |
-0.0% |
+5.9% |
+6.0% |
+2.0% |
+20.4% |
+5.5% |
+13.6% |
+17.9% |
S&P/ASX All Ordinaries
Accumulation Index |
+1.1% |
+4.7% |
-0.4% |
-4.6% |
+10.5% |
-2.2% |
+7.4% |
+7.6% |
| Outperformance |
-1.1% |
+1.2% |
+6.4% |
+6.6% |
+9.9% |
+7.7% |
+6.2% |
+10.3% |
| Top 10 Holdings as at 30 April 2012 |
|
LDW
|
Ludowici Ltd |
2.9%
|
CCQ |
Contango Capital Partners Ltd |
1.6% |
|
RKN
|
Reckon Ltd |
2.7%
|
MMS |
McMillan Shakespeare Ltd |
1.6%
|
| ELI |
Emerging Leaders Investments Ltd
|
2.5%
|
CBAPB
|
CBA Perpetual Exc Resale Listed Sec |
1.4%
|
| BRG |
Breville Group Ltd |
1.9%
|
SKE |
Skilled Group Ltd |
1.3%
|
| IBC |
Ironbark Capital Ltd |
1.7%
|
EPX |
Ethane Pipeline Income Fund |
1.3%
|
Investment Strategy
- Research Driven investing, where we undertake extensive research (over 750 meetings with companies per year), focusing on free cashflow, then rating the company with respect to management, earnings growth potential, valuation and industry position. We buy when we can identify a catalyst or an event that will change the valuation the market gives to the company. We sell once the company reaches our valuation
- Market Driven investing, where we scour the market for trading opportunities. These include participating in initial public offerings, placements, block trades, rights issues, corporate transactions (such as takeovers, mergers, schemes of arrangements, corporate spin-offs, restructurings), arbitrage opportunities, LIC discount arbitrages, relative value arbitrages and trading market themes and trends. This part of the portfolio is traded actively.