Cadence Capital Limited · ASX:CDM
Cadence Capital — Shareholder Meeting (November 2013)
16 slides from Cadence Capital's shareholder meeting presentation, Nov 29, 2013
Slide 1: Cadence Capital Limited AGM
Cadence Capital Limited For personal use only AGM 29th November 2013 10.30 am – 12.00 pm Museum of Sydney
Slide 2: Gross Fund Performance
Gross Fund Performance For personal use only Performance* to 31st October 2013 CDM** All Ords Outperformance 1 Month 4.73% 3.91% +0.82% 1 Year 17.59% 24.68% -7.09% 2 Years 36.71% 35.80% +0.91% 3 Years 126.85% 30.44% +96.41% 4 Years 134.73% 38.19% +96.54% 5 Years 228.55% 69.16% +159.39% Since Incepti
Slide 3: Historic Dividends Since Listing
Historic Dividends Since Listing For personal use only Calendar Year Interim Final Special Total Gross (Inc. Franking) 2007 2.0c 2.0c 2.0c 6.0c 8.6c 2008 2.5c 2.2*c - 4.7c 5.8c 2009 - 2.0c - 2.0c 2.9c 2010 2.0c 2.0c - 4.0c 5.7c 2011 3.0c 3.0c 3.0c 9.0c 12.9c 2012 4.0c 4.0c 4.5c 12.5c 17.8c 2013 5.0c
Slide 4: 2013 Performance analysis
2013 Performance analysis For personal use only Top Performing Stocks 2013 Australia & New Zealand Banking Group, Bluescope Steel Ltd, Bravura Solutions Ltd, Flexigroup Ltd, Macquarie Group Limited, McMillan Shakespeare Ltd, QBE Insurance Group Ltd, RHG Ltd Worse Performing Stocks 2013 Arrium Lt
Slide 5: All Ords vs Portfolio Exposure
All Ords vs Portfolio Exposure For personal use only 8000 7000 6000 5000 4000 3000 2000 1000 0 CDM Exposure All Ordinaries CDM has an open mandate and moves between equities and cash Open mandate allows us to buy cheap stocks and sell or short expensive stocks Varying exposure to equities help
Slide 6: RHG Update
RHG Update For personal use only RHG is Cadence Capital Limited’s largest investment The highest offer for RHG is currently 50.1 cents cash per share by Resimac/AMAC We are pleased to have been involved in preventing the delisting of RHG in April 2011 at 88 cents per share. RHG has paid out
Slide 7: Prospectus – The CDM Offer
Prospectus – THE CDM Offer For personal use only Share issue of up to 53.8M Shares Pre Tax NTA $1.43 (13th November 2013) Placement Price: Pre-Tax NTA OF $1.43 7.8% fully franked yield in 2013 (11% gross) 1:1 Bonus Option Issue at $1.43 ( Expiry 31st August 2015) Bonus Option entitlement
Slide 8: Indicative Timetable
Indicative Timetable For personal use only Event Date Lodge Prospectus with ASIC 14th November 2013 Dispatch Prospectus 15th November 2013 Opening Date 21st November 2013 Broker Close Date 27th November 2013 EGM to approve share issue 6th December 2013 Closing Date 10th December 2013 Date of Allotme
Slide 9: Investment Philosophy and Beliefs
Investment Philosophy and Beliefs For personal use only A combination of Fundamental and Technical Research has a greater probability of producing higher returns than either Fundamental or Technical analysis alone On a daily basis we visit and research companies to determine whether they are che
Slide 10: Fundamental Research
Fundamental Research For personal use only Stock Profiles 2,250 ASX Listed Companies Around 700 made a Profit Last Year Average fundamentals Bad (35 stocks) (630 stocks) Good (35 stocks) Short Position Long Positions 300 - 400 company visits per annum (For current year and two (For current year an
Slide 11: Entry and exit of long positions
Entry and exit of long positions For personal use only Entering Longs Exiting Longs Soft and Hard Stops 5% 4% 3% 2% 1% Wait until trend has turns and then accumulate Identify a change in trend - 1, 3 and 12 month chart positions analysis Do not average down Individual stock positions are mon
Slide 12: Our Shareholders and SMSF's
Our Shareholders and SMSF’s For personal use only Approximately 55% to 60% of our shareholders are Self Managed Superannuation Funds (SMSF) or Self Directed Superannuation Funds Our Shareholder base has grown from around 1,000 two years ago to 3,000 today and is still steadily growing (we estima
Slide 13: Our Fund Growth
Our Fund Growth For personal use only Our Fund has an Open Mandate to match our Investment Philosophy Whilst we measure our performance against an index we are not an ‘index hugger’ and do not try to ‘replicate the index’ We strive to outperform the market not replicate it We strive to find
Slide 14: Outlook and Questions
Outlook and Questions For personal use only The CDM investment approach remains unchanged since inception 8 years ago We will continue to seek out stock specific and industry specific returns The macroeconomic environment, uncertainty and ambiguity currently being experienced will probably con
Slide 15: Portfolio Stocks for Discussion
Portfolio Stocks for Discussion For personal use only Macquarie Group Limited Henderson Group National Australia Bank Arrium Limited Australia & New Zealand Banking Group Flexigroup Ltd McMillan Shakespeare Limited Retail Food Group QBE Insurance Group Ltd Page 14
Slide 16: Disclaimer
Disclaimer For personal use only Information provided, including any expression of opinion, has been obtained from or is based upon sources believed to be reliable but has not in any way been independently verified and no guarantee, representation or warranty, express or implied, is made as to its a
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