For the month of April 2016 Cadence Capital Limited returned a positive gross performance of 0.02% compared to an increase in the All Ordinaries Accumulation Index of 3.24%. Over the past 12 months Cadence Capital Limited has returned a negative gross performance of 9.51% compared to a decrease in the All Ordinaries Accumulation Index of 3.65%.
During the month of April markets continued to pare back losses for the calendar year. During the month the Reserve Bank of Australia cut interest rates to a historic low of 1.75%. As a result, the Australian dollar resumed its downward trend against the US dollar. Banks and Diversified Financials whilst volatile have shown signs of stabilizing and should also benefit from falling interest rates. More detail on these trends are available in the Cadence Capital quarterly webcast.
On the 27 April 2016 the CDM share Price and NTA’s went ex the 5.0 cent fully franked interim dividend. This interim dividend was paid on 12 May 2016. CDM shareholders were able to participate in the Dividend Re-Investment Plan (“DRP”) at a 3% discount. The DRP price was $1.23317.
As at the 30th April 2016 the fund was holding 32% cash (68% invested).
Fund NTA
* The NTA’s and Share price are post the 5.0c fully franked interim dividend”
Fund Performance
* Before Management and Performance Fees
**These numbers include the franking value of the substantial dividend from its RHG holding received in May 2011.
CDM Share Price and Option Returns plus Dividends & Franking
* CDM 1 year figures reflect the share price move from a premium to a discount to NTA
Fully Franked Dividends Declared Since Listing
* Off market equal access buy back
Historic Portfolio Exposure
Portfolio Sector Analysis
Top Portfolio Positions
Recent News Articles
Karl Siegling was quoted by The Sydney Morning Herald in an article titled Is the sharemarket rally here to stay?, and by The Australian in two separate articles: New year public floats reward wary investors and Big banks set to face more scrutiny as profits near $16bn. Please note some of these articles may only be available to subscribers of The Australian.
Karl Siegling will deliver a presentation “Diversifying your portfolio with international equities” at the Australian Shareholders Association Grow Your Portfolio Conference. The conference will be held in Sydney from the 16th to the 18th of May 2016.
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