Cadence Capital Limited returned a gross performance of 1.6% during the month of December 2019 outperforming the All Ordinaries Accumulation Index by 3.5%. For the month, the largest contributors to the performance were Resimac Group, Strike Energy and Money3 Corporation. The largest detractors for the month were Eclipx Group and Imdex.
At 31st December 2019, the Company was 80.4% invested.
* Gross Performance: before Management and Performance Fees
CDM Share Price and Option Returns plus Dividends & Franking
Fully Franked Dividends Declared Since Listing
Historic Portfolio Exposure
Portfolio Sector Analysis
Top Portfolio Position
Cadence Capital Limited held its AGM and Investor Briefing in November 2019. At the AGM and Investor Briefing, Chairman Karl Siegling firstly discusses the company’s performance over the past year and the opportunity which presents in the company’s shares trading at a discount to NTA. Independent director Jenelle Webster then discusses the corporate governance review that was undertaken during the year and the improvements that were made following the review. Lastly, Karl and portfolio managers Charlie Gray and Jackson Aldridge discuss a number of current portfolio positions as well as the outlook for 2020.
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