Cadence Capital Limited returned a negative gross performance of 1.5% in May, compared to an increase in the All Ordinaries Accumulation Index of 1.7%. For the month, the largest contributors to the Company’s performance were Champion Iron and Money3 Corporation Limited. The largest detractors from performance were JD.com, Macquarie Group Ltd and Qualcomm.

At 31st May 2019, the Company was 81.1% invested.

During the month the Company announced an on-market share buy-back of up to 31.79 million of its ordinary shares. The Board of Cadence Capital Limited is focused on maximizing returns for its shareholders and this will from time to time involve active capital management. Whilst Cadence Capital Limited shares are trading at a discount to its NTA, the company is announcing its NTA on a weekly basis.

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


** A Pre-IPO investment in the Materials sector

Recent News

The Company released its March 2019 Quarterly Webcast during the month of April. We recommend you watch this webcast in which Karl Siegling gives an update on the company’s performance, reviews the portfolios top holdings, discusses the discount to NTA of the Company’s share price and gives an update on the market outlook.

Cadence Capital Limited (CDM) was highlighted as a Listed Investment Company (LIC) to watch in the Bell Potter Research article on Livewire Markets titled Looking for opportunity in LIC land. This article discusses the potential investment opportunities presented where a LIC’s share price is trading at a discount to its NTA.

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.