INVESTMENT UPDATE

September 2017

For the month of September 2017 Cadence Capital Limited returned a positive gross performance of 0.4% compared to an increase in the All Ordinaries Accumulation Index of 0.1%. For the past 12 months, Cadence Capital Limited returned a positive gross performance of 13.8% outperforming the All Ordinaries Accumulation Index by 5.3%. As at the 30 September 2017 the fund was holding 6% cash (94% invested).

Cadence Capital Limited recently announced a Share Purchase Plan (SPP). This SPP offers existing shareholders, on the register on the 3 October 2017, the opportunity to acquire up to $15,000 worth of Cadence shares at $1.259 per share. This price:

  • represents a discount to the share price close on 2 October 2017 of $1.32.
  • equates to a fully franked dividend yield of 6.4% based on the 2017 interim and full year dividends.
  • is equivalent to the recent DRP price of $1.25929.

The SPP gives shareholders the opportunity to buy shares at a discount to the current share price without incurring brokerage. The Cadence Management team participated in the recent DRP and intend to participate in the SPP. They continue to be the largest shareholders in the Company. SPP documents and application forms will be sent out to shareholders on the 10 October 2017. Over the coming week Cadence will be releasing the September 2017 Quarterly Webcast that will discuss this SPP in detail.

Fund NTA

Fund Performance

* Before Management and Performance Fees

**These numbers include the franking value of the substantial dividend from its RHG holding received in May 2011.

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 Positions

Recent News Articles

Karl Siegling was recently interviewed by the ASX as part of the ASX Investment Video Series ‘Karl Siegling, Cadence Capital – The Investor’s Dilemma’.

The Australian Investors Association recently published an article from the Cadence Investing Series ‘Reconciling market psychology with fundamentals.’

We have recently revamped the 52 books you should read before buying your next stock page on our website.

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

 

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.