How to buy WAM Microcap shares

WAM Microcap Limited is an asset management business based in Australia. WAM Microcap shares (WMI) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. and has a market cap (total outstanding shares value) of $221.2 million.

How to buy shares in WAM Microcap

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for WAM Microcap . Find the share by name or ticker symbol: WMI. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until WAM Microcap reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $1.58, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of WAM Microcap . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted WAM Microcap 's share price?

Since the stock market crash in March caused by coronavirus, WAM Microcap 's share price has had significant positive movement.

Its last market close was $1.58, which is 0.00% up on its pre-crash value of $1.58 and 92.68% up on the lowest point reached during the March crash when the shares fell as low as $0.82.

If you had bought $1,000 worth of WAM Microcap shares at the start of February 2020, those shares would have been worth $592.33 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,101.04.

WAM Microcap share price

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AUD 8

Standard brokerage - Australian shares

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Competitive broker fees on Australian and international shares

• Brokerage - AU shares: From AUD 5 or 0.05%
• Brokerage - US shares: USD 0
• Sign-up process: Instant
• Support - After hours: Yes

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IG Share Trading Finder Award		AUD 8 or 0.1%	AUD 50 per quarter if you make fewer than three trades in that period	ASX shares, Global shares, Forex, CFDs, Margin trading	$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares. Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, forex and CFDs, plus get access to 24-hour customer support.	Go to site More Info	Compare	loading Fetching your data...
Bell Direct Share Trading Finder Award		AUD 15 or 0.1%	No	ASX shares, mFunds	Invest in Australian shares, options and managed funds from the one account with no inactivity fee. Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.	Go to site More Info	Compare	loading Fetching your data...
Superhero share trading		AUD 5	No	ASX shares	Pay zero brokerage on all Australian ETFs. Trade ASX stocks with a flat $5 commission fee and a low minimum investment of just $100.	Go to site More Info	Compare	loading Fetching your data...
CMC Markets Stockbroking Finder Award		AUD 11 or 0.1%	No	ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, mFunds	$0 brokerage on global shares including US, UK and Japan markets. Trade up to 9,000 products, including shares, managed funds, forex, commodities and cryptocurrencies, plus access up to 15 major global and Australian stock exchanges.	Go to site More Info	Compare	loading Fetching your data...
ANZ Share Investing		AUD 19.95	No	ASX shares, Global shares, Options trading, mFunds, ETFs, Warrants	Earn 1 Qantas Point per AU$3 spent on brokerage fees on certain instruments. Access Morningstar reports, company announcements and and live pricing via ANZ’s share investing platform. Available for desktop and mobile.	More Info	Compare	loading Fetching your data...
Westpac Online Investing Account		AUD 19.95 or 0.11%	AUD 63.50 per year on the global markets account	ASX shares, Global shares, Options trading, US shares	More Info	Compare	loading Fetching your data...

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Is it a good time to buy WAM Microcap stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Is WAM Microcap under- or over-valued?

Valuing WAM Microcap stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of WAM Microcap 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

WAM Microcap 's P/E ratio

WAM Microcap 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, WAM Microcap shares trade at around 6x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

WAM Microcap share dividends

We're not expecting WAM Microcap to pay a dividend over the next 12 months.

WAM Microcap overview

WAM Microcap Limited is a closed-ended equity mutual fund launched and managed by MAM Pty Limited. The fund invests in public equity markets of Australia. It invests in stocks of companies operating across diversified sectors. The fund invests in value and growth stocks of micro-cap companies with a market capitalization of less than $300 million. It employs fundamental and quantitative analysis with bottom-up approach focusing on factors such as free cash flow, return on equity, quality of the potential investee company, management, earnings growth potential, valuation, and industry position to make its investments. The fund conducts in-house research to create its portfolio. WAM Microcap Limited was formed on May 15, 2017 and is domiciled in Australia.

Frequently asked questions

• What percentage of WAM Microcap is owned by insiders or institutions?

  Currently 10.923% of WAM Microcap shares are held by insiders and 0.382% by institutions.

• When does the fiscal year end for WAM Microcap ?

  WAM Microcap 's fiscal year ends in June.

• Where is WAM Microcap based?

  WAM Microcap 's address is: 139 Macquarie Street, Sydney, NSW, Australia, 2000