INVESTMENT UPDATE

NOVEMBER 2018

For the month of November 2018, Cadence Capital Limited returned a negative gross performance of 3.5% compared to a decrease in the All Ordinaries Accumulation Index of 2.2%. For the month, the largest positive contributors to performance were G8 Education Ltd, Stanmore Coal Ltd, and Teva Pharmaceutical Industries Ltd. The largest detractors from performance were Emeco Holdings Ltd, Noni B Ltd and Santos Ltd.

At the Company’s Annual General Meeting & Investor Briefing held on the 22 November 2018, portfolio managers Karl Siegling, Alan Crozier and Charlie Gray, gave an update on the Company’s performance and discussed the Company’s top stock holdings. We recommend visiting our website and watching this video for a detailed review of these holdings.

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

In November Livewire released a video recording of Karl Siegling presenting Active investing through cycles at the Australian Shareholders Association LIC conference. In the presentation Karl explains how history has shown that investment opportunities can be missed in volatile markets.

Jordan Travers & Luke Laretive of Seneca Live sat down with Karl to discuss cycles, stocks and strategy.

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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Riding the Resources and Mining Services Tailwinds
  • The inter-relationship between commodity prices, resource and mining services company profits
  • The mining services cycle
  • Where we are in the cycle?
  • Examples of recent mining services investments:
    • Emeco Holdings (ASX: EHL)
    • Macmahon Holdings (ASX: MAH)
    • Boom Logistics (ASX: BOL)

Cadence Capital Limited (ASX: CDM) is one of Australia’s top performing Listed Investment Companies.