@peejay2 Need to put this into perspective guys and be careful...

@peejay2 Need to put this into perspective guys and be careful of the people in here who are overly helpful in pointing out minute pieces of negative news.

'ASX microcap stocks have been performing particularly well for Wilson Asset Management.

In fact, of Wilson’s seven ASX Listed Investment Companies, itsMicrocap fund (ASX:WMI)has performed the best, up 83 per cent in the last year and 12 per cent in 2021 to date.

WAA	WAM Active Limited	1.1	19	-4	$76.8M
WAM	WAM Capital Limited	2.25	8	1	$2.0B
WAX	WAM Research Ltd	1.69	41	9	$328.1M
WGB	WAM Global Limited	2.61	48	9	$560.6M
WLE	WAM Leaders Limited	1.53	43	11	$1.3B
WMA	WAM Alternative	1.01	40	5	$192.9M
WMI	WAM Microcap Limited	2.09	83	12	$448.5M

The Microcap fund has $352 million in listed entities; arguably the most noteworthy of its top 20 isChalice Mining (ASX:CHN).

It also holds a few niche retail plays inDusk Group (ASXSK),The Reject Shop (ASX:TRS)andSilk Laser (ASX:SLA)as well as diagnostic imaging playCapitol Health (ASX:CAJ).

One singled out stock wasEnero Group (ASX:EGG)which owns a network of PR and communications firms.

“We are positive on Enero as it has strong exposure in US technology companies via its public relations company Hot Wire and a digital platform for advertising, OB Media which continues to perform strongly,” it said.

“We believe Enero is currently trading at a relatively cheap valuation, has a strong balance sheet and will benefit from future earnings accretive acquisitions.”

Another ASX microcap stock singled out – but not for the right reasons – was workplace protection equipment makerCleanspace (ASX:CSX)which has actually been a poor performer this year.

Shares were smashed after a sales update in March that fell short of investor expectations.

Wilson told investors it had exited its position in the company although it noted the announcement was a negative “surprise”.