Cadence In The Press
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.
In this AFR Smart Investor article, Karl Siegling provides commentary around the mining services sector. Siegling was an early investor in the mining services sector and describes that sector as a reporting season standout.
“There was nothing specific happening in the market apart on Thursday from a general appetite to get towards 6,000 points,” says Karl Siegling, portfolio manager at Cadence Capital. “The last time the All Ordinaries broke through 6,000 points was 11½ years ago and it’s a barrier that has been tested already twice this year. From […]
Karl Siegling, provides his views on Harvey Norman as part of an interview series with fund managers on a selection of retail stocks. Siegling, a noted contrarian, has an unusual thesis on Harvey Norman: it would be an attractive acquisition for Alibaba Group Holding (the Chinese e-commerce giant) or even Amazon.
Cadence Capital managing director Karl Siegling said he was optimistic on Macquarie’s growth prospects especially in light of the interim result. “It is going to $100 in the next couple of months and over the next year between $105 and $110.”