MAM – Microequities Asset Management Group

Microequities Asset Management Group Limited (MAM) is a boutique value driven Fund manager specialised in exchange listed industrial microcaps and small caps. MAM expanded into funds management in early 2009 by launching its flagship fund – the Deep Value Fund. Today Microequities manages five investment funds and has over $400m of funds under management.

Microequities Asset Management manages funds exclusively for high net worth, wholesale, and sophisticated investors wishing to invest in Microcaps, an asset class that offers high growth but requires a specialist fund manager.

from November AGM; Some of the financial highlights of the FY20 year were:
● YoY profit rose 32% to $3.344m;
● YoY earnings per share rose from 1.94c to 2.52c
● YoY FUM was constant (i.e. with a 0.4% increase)
● YoY operating expenses (ex employee share based payments) decreased 19.9%
● YoY NTA increased 11.83% to $9.6m;
● The company paid two 1 cent fully franked dividends consistent with its dividend policy of paying out between 70% and 100% of our operating profit from investment management.

and from the recent Half Yearly:
Pleasingly inflow/outflow patterns have continued to improve markedly in the HY21 period and enquiry levels continue to strengthen. Funds Under management have increased by +11% on pcp and recurring revenue increased by 8%
Announced a 2c ff dividend

DNH