INVESTMENT UPDATE

March 2018

For the month of March 2018 Cadence Capital Limited returned a negative gross performance of 2.0% compared to a decrease in the All Ordinaries Accumulation Index of 3.5%. For the current financial year, Cadence Capital Limited has returned a positive gross performance of 11.4% outperforming the All Ordinaries Accumulation Index by 6.1%.

On the 7 February 2018 the Company declared a 4.0 cent fully-franked interim dividend, which equates to a 6.2% annual fully franked yield, or an 8.8% gross yield (grossed up for franking credits), based on the CDM share price at the time of the announcement. The Ex-Date for the dividend is the 9 April 2018 and the payment date is the 23 April 2018. We would like to remind shareholders that they can participate in the Dividend Re-Investment Plan (“DRP”) at a 3% discount. The closing date for the DRP election is the 12 April 2018. If you would like to participate in the DRP please complete the DRP Application Form and return it to our Share Registry, BoardRoom Pty Limited by this date. Directors Karl Siegling and Wayne Davies intend to fully participate in the DRP.

As at the 31st March 2018 the fund held 16.7% cash (83.3% invested).

Fund NTA

Fund Performance

CDM Share Price and Option Returns plus Dividends & Franking

Fully Franked Dividends Declared Since Listing

Historic Portfolio Exposure

Portfolio Sector Analysis

Top Portfolio Positions

Recent News Article

During the month Cadence Capital was featured extensively in the press. Karl Siegling appeared on Sky News Business discussing his views on the banking and resource sectors and presented in Livewire Markets Buy Hold Sell series – ‘5 high quality big caps’, ‘3 thriving small cap financials’ and ‘From darlings to dogs’.

Karl Siegling was also quoted in the AFR Smart Investor feature article ‘Going global the key to sharemarket success’ and featured in the February ASX Investor Update Newsletter ‘Mining services stocks ride the cycle’.

The Cadence team has compiled a list of books that have influenced Cadence’s investment style or would give you an insight into Cadence’s investment process. Visit our 52 books you should read before buying your next stock page on our website.

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Riding the Resources and Mining Services Tailwinds
  • The inter-relationship between commodity prices, resource and mining services company profits
  • The mining services cycle
  • Where we are in the cycle?
  • Examples of recent mining services investments:
    • Emeco Holdings (ASX: EHL)
    • Macmahon Holdings (ASX: MAH)
    • Boom Logistics (ASX: BOL)

Cadence Capital Limited (ASX: CDM) is one of Australia’s top performing Listed Investment Companies.