Cadence Capital Limited · ASX:CDM
Cadence Capital — Investor Presentation (November 2013)
14 slides from Cadence Capital's investor presentation, Nov 15, 2013
Slide 1: Share Placement Bonus Option Issue
Cadence Capital Limited For personal use only Share Placement Bonus Option Issue November 2013
Slide 2: The CDM Offer
Prospectus – November 2013 For personal use only THE CDM OFFER: 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 Opt
Slide 3: 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 4: Key information
Key information For personal use only The proposed placement gives a Priority Allocation to existing RHG and CDM shareholders and aims to: Attract new long term investors who value a fully franked yield and capital growth Expand the Company’s market capitalization Improve liquidity and researc
Slide 5: What we are … and what we're not
What we are … and what we’re not For personal use only What we are … A fund that has developed a disciplined approach to dealing with all types of market cycles A fund that makes solid risk-adjusted returns over time and through cycles A fund that manages money for investors the way we manage
Slide 6: The Manager
The Manager For personal use only Cadence Asset Management is a privately owned, long biased Australian Equity Manager Invests in undervalued (long) and overvalued (short) stocks, A disciplined approach to entering and exiting positions Focused on both Fundamental and Technical research to g
Slide 7: The Team
The Team For personal use only Karl Siegling Chris Garrard Simon Bonouvrie CIO & Portfolio Manager Portfolio Manager Portfolio Manager 15 years experience in research and 9 years analyst and investment 14 years investment management funds management, listed & unlisted experience and financial servic
Slide 8: Cadence Capital Limited – Key fund facts
Cadence Capital Limited – Key fund facts For personal use only Fund size - $200m 7th most actively traded LIC on ASX Yield 7.8% fully franked (11.1% grossed-up)* 55% of current investors are SMSFs Traded on ASX during normal trading hours (ASX code: CDM) Available on BT Investment & Supe
Slide 9: Strategy performance
Strategy performance Historical Performance and Exposure of Cadence Capital Limited (ASX Listed) 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
Slide 10: Dividends and franking
Dividends and franking 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 5.0c 1.0c
Slide 11: 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 12: Summary
Summary For personal use only LIC with an 8 year track record of 19.9% per annum (3 times the All Ordinaries return) Whilst holding average cash levels of 24% Rated amongst the top performing LIC’s Fully franked yield 7% – 8 % per annum Placement at NTA not a Premium to NTA 1 for 1 Bonus
Slide 13: About us
About us For personal use only Follow us on Read our articles Available on Macquarie Wrap, BT Super and Investment Wrap, Asgard ewrap Visit us at Level 11/131 Macquarie Street, Sydney www.cadencecapital.com.au Thank you
Slide 14: 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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