Latest WAM Active (ASX:WAA) News

Takeovers, mine studies and record quarterly updates drove the week, with buyers chasing companies that put hard numbers around cash flow, reserves and contract wins. Losses were just as sharp where traders sold into reopenings or questioned whether fresh capital and non-binding deals would turn into profits.

Takeover action and strong funds growth drove the week in finance stocks. Big winners came from deal news and fresh money coming onto platforms, while a few profit stories still saw sellers step in.

Wilson Asset Management's active portfolio surged 75.5% in FY2026, vastly outperforming benchmarks and underpinning a generous fully franked dividend. The fund's pivot to AI, critical minerals, and small resources sectors underpins a cautiously optimistic outlook amid market volatility.

AMP led the week after lifting its profit outlook, while IAM jumped on record turnover and L1 Group slid despite strong funds growth. Across the sector, investors rewarded cash returns, deal progress and fresh guidance, but they were less forgiving where outflows or one-off costs stayed in view.

WAM Active has posted a staggering 75.5% investment portfolio gain for FY2026, far outpacing benchmarks, and announced increased fully franked dividends including a special payout.

One stock was suspended, another fell hard on dividend news, and a bank-backed covenant waiver still couldn’t stop selling. Elsewhere, boards leaned into buy-backs and DRP settings as investors weighed cash returns against uncertainty.

WAM Active Limited has updated its Dividend Reinvestment Plan rules, allowing residual dividend balances to be carried forward and aligning the plan with current market practices. These changes aim to enhance shareholder participation and capital management.

Small caps stole the week, led by a big funding deal in gold and two revenue breakouts. Meanwhile, some well-known names slid after profit updates failed to calm nerves on costs and outlooks.

Big swings hit ASX financials this week as profit updates, takeover votes and cost cuts drove fast re-pricing. The winners paid (or promised) cash. The laggards spooked investors with losses, restructures or shaky earnings outlooks.

WAM Active Limited reported a record half-year profit with its investment portfolio soaring 31.4%, significantly outperforming benchmarks. The company also declared increased fully franked dividends and completed a $70.7 million capital raise, boosting assets under management beyond $151 million.

WAM Active Limited has successfully closed an oversubscribed entitlement offer, raising $70.7 million and increasing its asset base by over 84%, enhancing liquidity and market presence.

A single exploration name blew the doors off the leaderboard, while two well-known uranium plays and a Nevada explorer sank hard. Behind the noise: deals got closer to completion, big raisings reset prices, and several “good news” gaps didn’t survive the week.