Cadence Capital Limited completed the financial year down 4.9% over the prior 12 months, outperforming the All Ordinaries Accumulation Index by 2.3% over the same period. For the month of June 2020, the fund was up 0.3% compared to the All Ordinaries Accumulation Index which was up 2.3%.

The largest contributors to performance during June were Zip Co, Resimac Group, Tencent Holdings, Apple, Macquarie Group, Appen, and Qualcomm. The largest detractors from performance were Shine Justice and Electro Optic Systems.

On the 26th June the Company held its June 2020 Investor Presentation followed by a Q&A Session. In this online investor presentation, Karl Siegling provided an update on the fund including its recent performance, current holdings and positioning, and the key investment themes emerging in the portfolio. He also discussed the Company’s discount to NTA, tax asset, and capital management strategy.

During June, the Company implemented a further on-market share buy-back of up to 30.7 million of its ordinary shares. Given the Company’s shares are trading at a large discount to its NTA, the Board believes an on-market buyback will add value for shareholders via increasing the Company’s NTA per share.

Fund NTA

Fund Performance

* Gross Performance: before Management and Performance Fees

Fully Franked Dividends Declared Since Listing


* Off market equal access buy back

Historic Portfolio Exposure

Portfolio Sector Analysis

 

Top 20 Portfolio Positions

Portfolio Market Capitalisation Analysis

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 Cadence investment process. To view all previous Cadence webcasts and press articles, please visit the Media Section of the website.

We welcome any of your friends or colleagues that you feel may benefit from our monthly Cadence Capital Limited Newsletter. Please click here to refer a friend by supplying their name and email address.

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.