WAM Leaders Limited – Strong Investment Performance for the Full Year

WAM Leaders Limited (ASX: WLE)

WAM Leaders Limited (ASX: WLE) reported robust FY18 performance wherein the investment portfolio increased by 17.8%, outperforming the S&P/ASX 200 Accumulation Index by 4.8%. Along with the significant rise in the investment portfolio, the group’s operating profit before tax accounted to $100.5 Mn in FY18 from $39.3 Mn in FY17, marking the splendid growth of 155.7% YoY. In addition to this, the company recorded operating profit after tax growth of 89.8% on Year on Year basis and this amounted to $74.6 Mn in FY18 from $29.2 Mn in FY17. This outstanding performance was fuelled by the sound stock selection of the investment team, led by Portfolio Manager Matthew Haupt.  Based on the robust performance, the group declared a fully franked full-year dividend of 5.0 cents per share, an increase of 66.7% on the previous year, with the fully franked final dividend being 2.5 cents per share, payable on 26 October 2018 with the record date of 15 October 2018. The dividend payout represents a yield of 4.3% which is ahead of the broader market, and the share was trading at a slight discount to its net tangible asset backing. With this announcement, WLE’s stock edged up 0.422 per cent on July 16, 2018 before market close.

[pluginops_form template_id=’23834′ ]


Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report