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.”
Karl Siegling discusses the market pushing the 6,000 point barrier.
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).
“Iron ore is in a decidedly downwards trend,” said Mr Siegling. “It doesn’t look like its got any reason to head higher in the short term and that’s likely to weigh on resources stocks, but of course, Australian miners are quite diversified so there are plenty of other markets to keep them happy.”
Hope, fear, greed – how do you hold the course during periods of volatility? Karl Siegling, Portfolio Manager Cadence Capital shares with the ASX how an active fund manager invests through the cycles and explains the dangers of that ‘comfortable feeling’ of holding too much cash.