INVESTMENT UPDATE June 2017

For the month of June 2017 Cadence Capital Limited returned a positive gross performance of 1.6% compared to an increase in the All Ordinaries Accumulation Index of 0.3%. For the 2017 financial year, Cadence Capital Limited returned a positive gross performance of 17.2% outperforming the All Ordinaries Accumulation Index by 4.1%. This outperformance has been achieved with lower than market exposure, with the company holding on average 21% cash over this period.

We are pleased with the performance of the Company’s top holdings over the past year with Melbourne IT, Macquarie Group, Janus Henderson Group, Samsung Electronics Co and Softbank Group being our top performing stocks for the year. The Company’s other international holdings also performed well over this period.

As at the 30th June 2017 the fund was holding 22% cash (78% invested).

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

* CDM 1 year figures reflect the share price move from a premium to a discount to NTA

Fully Franked Dividends Declared Since Listing

Dividends

* Off market equal access buy back

Historic Portfolio Exposure

Portfolio Sector Analysis

Top Portfolio Positions

Recent News Articles

Karl Siegling was interviewed by Finance News Network (FNN) at the SMSF2017 Summit. View the video interview with Jessica Amir from FNN.

Cadence Capital was quoted in the press in June in the following news articles AFR – Views diverge on Macquarie Group earnings despite tax impost and AFR – Is a short squeeze in silver imminent.

Cadence Capital was a proud sponsor of the Australian Stockbrokers Foundation Awards Dinner.

New book reviews have been added to the 52 books you should read before buying your next stock list on our website including Trading in the Zone by Mark Douglas, Blue Ocean Strategy by W. Cham Kim and Renee Mauborgne, Black Swan by Nassim Nicholas Taleb and a documentary Betting on Zero directed by Ted Braun.

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

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Featured Video

September 2017 Quarterly Update & Share Purchase Plan (SPP) Webcast

September 2017 Quarterly Update & Share Purchase Plan (SPP) Webcast

In this Webcast, Karl Siegling firstly provides a brief update on the Fund.  He then discusses in detail the Company’s recently announced Share Purchase Plan (SPP).

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