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Friday 21 June 2024

WAM Microcap (ASX:WMI): Risks and opportunities when identifying undervalued microcap ASX stocks

WAM Microcap Limited (ASX:WMI) Lead Portfolio Manager Oscar Oberg speaks to The Stock Network’s Lel Smits about risks and opportunities when identifying undervalued small and microcap ASX stock.

While many stock markets are at record highs, the stock prices of many smaller companies have suffered recently as investors are hit with higher interest rates and chasing bigger corporate profits.

WAM Microcap provides investors access to a portfolio of undervalued micro-cap growth companies with a market capitalisation of less than $300 million at the time of acquisition

1 Against a backdrop of many investors leaving smaller companies, what factors are you looking for in smaller companies that makes them attractive to invest in and can you give me an example of a successful investment?

2. Investment outlook
WAM Microcap is all about identifying market mispricing opportunities, enabling you to again beat the S&P/ASX Small Ordinaries Index last year. In which sectors do you see the biggest opportunity this year, and what is your outlook for Microcap performance in 2024?

3. Small companies
Smaller companies often present a risk of not having the same governance standards of larger companies, putting retail shareholders at risk. How do you navigate these risks and what tips do you have for retail shareholders looking to invest in Microcap stocks?

Chapters
0:00-0:24- Introduction
0:24-2:24: Investment strategy
2:24-4:35: Investment outlook
4:35-5:54: Small companies
5:54-6:20: Conclusion

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