In Part I, Karl Siegling discusses the past year’s performance, the biggest detractors and contributors, the discount to NTA of the Company’s share price and the year-end Final Dividend.
In Part II, Karl Siegling discusses the current portfolio, investments in Eclipx (ECX), Bingo Industries (BIN), Alibaba (BABA US) and Resimac (RMC) and the outlook for the year ahead.
In this Webcast, Karl Siegling discusses the company’s performance, reviews the portfolios top holdings, discusses the discount to NTA of the Company’s share price and gives an update on the market outlook.
In this Webcast, Karl Siegling discusses the company’s performance for the half year, including a detailed review of the top holdings. He then concludes with an updated outlook for the fund.
Karl Siegling, managing director of the $350 million fund Cadence Capital, said low rates were positive for Macquarie’s business of backing alternative assets such as toll roads or wind farms. “The Macquarie business model is to have the shareholder equity, then borrow a bucket load against that at really low interest rates, then invest it […]
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 […]
What happens when you take eight people without any prior trading experience and give them one million pounds to manage in the markets for two months, especially when this happens at the onset of the global financial crisis? Enter Million Dollar Traders, a situation created by hedge fund manager Lex van Dam, who wanted to […]
The Elon Musk biography is a fascinating insight into the CEO of both Tesla and Space X. Ever since childhood Elon has been fascinated by space and believes that it is essential for humans to live on mars so that if earth becomes uninhabitable the human race will not become extinct. He leads both Space […]
China Hustle is another fascinating documentary from Netflix which deals with Chinese companies ‘reverse listing into US shell companies.’ It is a cautionary tale on the age old saying of ‘buyer beware’ and the forces at work that led to companies being listed on the US Stock Exchange with $150m valuations and no underlying business […]
This documentary featured on Netflix deals with the amazing rise and the amazing fall of Valeant Pharmaceuticals. Once the ‘darling’ of the investment community Valeant has fallen into disrepute with that same investment community. Again we have Bill Ackman, Billionaire hedge fund manager, as a proponent of Valeant Pharmaceuticals with a large long position and Australia’s […]
This book documents a legendary bet in the early 80’s between two successful commodity traders, Richard Dennis and William Eckhardt. The bet was over whether trading could be taught or whether it comes naturally. Richard Dennis was willing to stake his own money on proving that trading could be taught so he set up an […]
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.
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 […]
What you’ll learn: 5 traps in using the P/E ratio 5 traps with using the Dividend Yield Understanding the Price to Earnings Ratio and how to use it to your advantage Examples of financial ratios in action Cadence Capital Limited (ASX: CDM) is one of Australia’s top performing Listed Investment Companies.
What you’ll learn: Why share prices overreact Understand 3 key emotions of investing – Hope, Fear and Greed How the emotions of Hope, Fear and Greed played out during the GFC How to determine what is a fundamentally ‘cheap’ stock and combine that with technical analysis to determine entry points Follow a ‘live’ example using […]
Has the next resources boom started? Are resources gains sustainable? How does the Cadence Capital approach to investing take advantage of this? Two ‘live’ examples of current resource investments – Monadelphous Group Ltd (MND) and Fortescue Metals Group (FMG)