INVESTMENT UPDATE

DECEMBER 2018

For the month of December 2018, Cadence Capital Limited returned a negative gross performance of 5.9% compared to a decrease in the All Ordinaries Accumulation Index of 0.5%. For the past month, the largest detractors from performance were ARQ Group Ltd, Emeco Holdings Ltd, Teva Pharmaceutical Industries Ltd, Nine Entertainment and Ausdrill Ltd. The largest contributors to performance were Liquified Natural Gas Ltd and Longtable Group Ltd. At 31 December 2018 the Company was 58% invested (42% cash).

The Company intends to release its half year webcast over the coming week. In this webcast we will discuss the company’s performance over the past 6 months, the current top positions in the portfolio, and the outlook for 2019.

Fund NTA

Fund Performance

* Gross Performance: before Management and Performance Fees

CDM Share Price and Option Returns plus Dividends & Franking

Fully Franked Dividends Declared Since Listing

* Off market equal access buy back

Historic Portfolio Exposure

Portfolio Sector Analysis

 

Top Portfolio Position

Recent News

We encourage you to visit our 52 books you should read before buying your next stock page on our website. We have compiled a list of books/ documentaries that have influenced our investment style or helped provide insight into the investment process. To view all previous Cadence webcasts and press articles, please visit the Media Section of the website.

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10 Books To Read Before Buying Your Next Stock

Funds management involves a lot of synthesis of information and reading. Over the years we all end up reading many investment books and refer to them from time to time.

The team at Cadence has compiled a list of books that have influenced our investment style, or helped provide insight into the investment process.

Whilst not an exhaustive list, the 10 titles contained in this eBook provide a good starting point for any interested investor.