For the month of April 2017 Cadence Capital Limited returned a positive gross performance of 1.5% compared to an increase in the All Ordinaries Accumulation Index of 0.8%. For the financial year to date, Cadence Capital Limited has returned a positive gross performance of 13.9% compared to an increase in the All Ordinaries Accumulation Index of 15.8%.
On 28thApril 2017 the Company paid its 4.0 cent fully-franked interim dividend. This equated to a 6.7% annual fully franked yield, or a 9.6% gross yield (grossed up for franking credits) based on the CDM share price at the time of the dividend announcement. All shareholders were able to participate in the Dividend Re-Investment Plan (“DRP”) at $1.1903 (3% discount). Two Directors took up their full entitlement under the DRP.
As at the 30th April 2017 the fund was holding 12% cash (88% invested).
* 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
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Recent News Articles
Karl Siegling participated in the 200th edition of Cuffelinks discussing ‘What investment insights would you give your 20 year-old self’. Karl was also quoted in The Australian article ‘Industry awash with M&A cash’.
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