Cadence Capital Limited returned a gross performance of 1.4% during the month of November 2019 compared to an increase in the All Ordinaries Accumulation Index of 3.1%. For the month, the largest contributors to the performance were Resimac Group, Shine Corporate and Bingo Industries. The largest detractor was Strike Energy.
Cadence Capital Limited held its AGM and Investor Briefing on the 18th 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.
At 30th November 2019, the Company was 65.8% 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
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