Cadence Opportunities Fund returned a positive gross performance of 3.2% in October, outperforming the All Ordinaries Accumulation Index by 2.8% for the month. CDO has continued its strong start to the financial year being up 18.0%, outperforming the All Ordinaries Accumulation Index by 12.2%. The top contributors to performance during October were Robex Resources, Clarity Pharmaceuticals, Samsung Electronics, Lindian Resources, Turaco Gold and Capstone Copper. The largest detractors from performance were Many Peaks, Pantoro and Horizon Minerals.
The Robex Resources share price rose 21% in October after the company announced a merger of equals with Predictive Discovery (PDI). Both companies are developing gold mines in the Siguiri Basin in Guinea and cash flows from Robex’s Kiniero mine will help fund development of PDI’s Bankan mine. Gold production from the combined entity is expected to be over 400 koz per annum by 2029, positioning the company as a leading mid-tier gold producer in West Africa.
Clarity Pharmaceuticals shares performed well in October being up 38%. Clarity is developing a copper isotope that detects the recurrence of prostate cancer. During October, CU6 released results from its clinical trial at St Vincent’s Hospital Sydney. The results showed that CU6 detects more prostate cancer lesions, smaller lesions, and lasts longer in the body, improving imaging results when compared to the current standard of care.
CDO Dividend Yield
CDO’s franked and gross yields for FY 2025 were approximately 3 times higher than those of the All Ordinaries Index.
CDO currently has 31.0 cents per share of profits reserves to pay future dividends. This amount is around 2 years’ worth of dividends based on the current dividend.
AGM Webcast
To watch CDO’s AGM Webcast please click here. In this AGM webcast, Karl Siegling begins by providing an update on CDM’s and CDO’s past and current year performance, the composition of the CDM and CDO portfolios and some important market trends. Karl Siegling and Kieran Barratt then discuss in detail investments in Equinox Gold, New Gold, Pantoro and Capstone Copper. Karl then discusses some further investment themes and holdings and some CDO trading positions before closing with the outlook for the rest of the financial year.
Fund NTA
Fund Performance
Historic Portfolio Exposure
Portfolio Sector Analysis
Portfolio Market Capitalisation Analysis
Franked Dividends Declared
News
To view all previous Cadence webcasts and interviews please visit the Media Section of the website.
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.
