Listed investment companies (LICs) can provide investors with an interesting opportunity; purchasing a portfolio of securities below the intrinsic NTA value. CDM was highlighted as a LIC to watch in the Bell Potter Research article on Livewire Markets titled ‘Looking for opportunity in LIC land’.
Sydney-based equities investor Cadence Asset Management has outlined its pitch for a new listed investment company that will seek to profit from market volatility. Cadence chairman Karl Siegling has told potential investors the new fund would would be more focused on short term price trends with a six to 18-month time horizon, rather than one to six years […]
In this interview with Lucas Baird from RFI Group, Karl Siegling warns “Australian banks are on a slide and investors should keep their distance as the industry reaches, maximum pessimism.” “Royal Commission, Hayne, conflicts of interest, vertical & horizontal integration, everything you’ve read in the paper – it may be that temporarily we have formed […]
Emotions play a very big role in investing, but so does logic. In finance we often hear people say, “buy low, sell high” or “buy cheap stocks and sell expensive stocks”. You cannot fault the logic. It appeals to common sense, it makes intuitive sense and it should be a profitable strategy. But it is […]
It is fast approaching the eleventh anniversary of the record high for the All Ordinaries Index, the high it set in November 2007 at 6,873. And while the index is within cooee of the old high, it has now been over a decade in which the market has failed to set a new high. This […]
Cadence Capital is planning a $250 million-plus listed investment company on the ASX. The new LIC – to be called the Cadence Opportunities Fund – is being pencilled in for a listing on the local bourse late in the third quarter, after joint lead managers are appointed on the deal.