Fund Manager Summary
The fund managers believe that the outlook for WA1 Resources Ltd presents a compelling opportunity for investors. In their opinion, WA1's groundbreaking niobium discovery in Western Australia positions it as a key player in the low carbon economy. Since Endeavor Asset Management's initial investment at $10 per share in February, the stock has appreciated by 29%, reflecting strong market interest. Furthermore, the stock currently trades significantly below the fund's internal Discounted Cash Flow (DCF) valuation, indicating substantial upside potential for investors. This combination of factors reinforces their confidence in WA1's future performance.
Source: Trading View
Commentary From The Managers
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Summary
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Datt Capital
6 June 2025
$14.14
Summary
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
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Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Managers
Datt Capital
6 June 2025
$14.14
- Centennial Asset Management believes Zip has the potential to rally in the short term.
- Zip is well positioned to deliver further strong growth in revenues and profitability.
- The US buy now, pay later market remains relatively immature, allowing Zip’s US footprint to grow rapidly.
- New product launches are expected to contribute to the company’s transaction volumes and earnings growth in the coming year.
- Zip’s balance sheet strength and ongoing buyback are expected to support share price performance.
- Zip has surprised the market with better-than-expected earnings over the past year.
- The company has upgraded expectations post the most recent quarter, indicating potential for additional upside earnings risk.
Summary
Endeavor Asset Management
31 May 2024
$21.20
- Endeavor Asset Management sold their investment in WA1 Resources (WA1) shares after a significant price increase.
- WA1 shares experienced a 23% surge in May.
- The company's market capitalisation increased from approximately $600 million to over $1 billion.
- This growth was driven by a highly successful drilling campaign conducted since the initial investment.
- Endeavor exited WA1 during the month at an average price of $20 per share.
- The exit captured a 100% return on their initial entry price within four months.
Summary
Endeavor Asset Management
28 Feb 2024
$13.10
- WA1 is a groundbreaking niobium discovery in Western Australia.
- Since our initial investment at $10 per share in February, it has returned 29%.
- Niobium is a critical mineral, essential for advancing a low carbon economy.
- This highlights the significance of WA1's role in this sector.
- The stock trades significantly below our internal Discounted Cash Flow (DCF) valuation.
- This suggests substantial upside potential for our investors.
Summary
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
ANALYST INSIGHT
Equity Research Analyst
"With a 29% return since February, WA1 Resources Ltd appears to be on the cutting edge of the niobium revolution, potentially unlocking significant upside as the world pivots towards a low carbon economy—investors may want to keep a close eye on this one."
Last Updated: 06 Jun 2025
Query The Data
Frequently Asked Questions
Who is investing in WA1 Resources Ltd (ASX:WA1)?
Fund managers including Endeavor Asset Management and Datt Capital have invested in WA1 Resources Ltd (ASX:WA1).
Why do fund managers invest in WA1 Resources Ltd?
Fund managers are investing in WA1 Resources Ltd due to its significant niobium discovery in Western Australia, which is crucial for a low carbon economy. The stock is currently trading below internal Discounted Cash Flow (DCF) valuations, indicating substantial upside potential. Since Endeavor Asset Management's initial investment at $10 per share, the stock has appreciated by 29%, reinforcing confidence in its growth prospects.
What happened to WA1 Resources Ltd (ASX:WA1)?
There have been no recent updates from fund managers regarding WA1 Resources Ltd although fund managers including Endeavor Asset Management and Datt Capital have previously commented.