Cadence Capital Limited · ASX:CDM
Cadence Capital — Investor Presentation (August 2015)
6 slides from Cadence Capital's investor presentation, Aug 6, 2015
Slide 1: CDM Broker Update August 2015
Cadence Capital Limited For personal use only CDM Broker Update August 2015
Slide 2: Performance and Yield
Performance and Yield For personal use only Performance* to 31 July 2015 CDM** All Ords Outperformance 1 Month 6.78% 4.23% +2.55% 1 Year 16.12% 5.41% +10.71% 2 Years 36.03% 22.87% +13.16% 3 Years 63.51% 50.72% +12.79% 4 Years 77.21% 50.47% +26.74% 5 Years 211.74% 56.43% +155.31% 8 Years 178.25% 29.4
Slide 3: A Discount to NTA
A Discount to NTA For personal use only NTA, Share and Option Prices 31st July 2015 Amount ($) CDM Share Price $1.445 CDM Option Price $0.006 CDMO Strike Price (Expires 31st August 2015) $1.430 Pre Tax NTA $1.487 CDM has market capitalisation of $325M and is ‘liquid’. Shares trading below NTA. Optio
Slide 4: Overseas Investments Performance
Overseas Investments Performance For personal use only Overseas investments outperformed and enabled the payment of an additional 1.0 cent fully franked special dividend. In 2015 overseas investments delivered four times the returns of domestic investments. Currency contributed 1.3% to overall fund
Slide 5: Portfolio Top Positions
Portfolio Top 20 Positions For personal use only Code Position Direction Currency Holding MQG Macquarie Group Limited Long AUD 12.9% LUX IM Luxottica Group SPA Long EUR 8.4% HGG Henderson Group Plc Long AUD 8.0% GILD US Gilead Sciences Inc Long USD 6.3% MLB Melbourne IT Ltd Long AUD 6.1% MA US Maste
Slide 6: Outlook
Outlook For personal use only One year ago we said the AUD$, Iron ore and Oil were in a downward trend. These trends are still firmly in place. Investing with the trend rather than against the trend is prudent In 2015/16 investing with the trend continues to mean avoiding or ‘shorting’ resources, in
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