NGE Capital Ltd · ASX:NGE
NGE Capital — Shareholder Meeting (May 2020)
13 slides from NGE Capital's shareholder meeting presentation, May 28, 2020
Slide 1: NGE Capital Limited AGM investor presentation
NGE Capital Limited (ASX:NGE) AGM investor presentation 28 May 2020
Slide 2: Disclaimer
Disclaimer The information in this presentation is in summary form and should not be relied upon as a complete and accurate representation of NGE Capital Limited (NGE Capital) and or its various business activities. While management of NGE Capital have taken every effort to ensure the accuracy of th
Slide 3: Company snapshot
Company snapshot NGE Capital Limited (NGE or Company) is a Listed Summary Investment Company (LIC) which allows investors to invest in a concentrated, high Ticker ASX:NGE conviction, actively managed portfolio of Share price (27 May 2020) $ 0.495 financial assets. Shares oustanding m 37.16 Focus
Slide 4: Performance
Performance Growth in NTA per share Share price performance (2) (2) 2020 Since inception 2020 Since inception (1) (1) 2017 2018 2019 YTD (p.a.) (cum.) 2017 2018 2019 YTD (p.a.) (cum.) 26.8% 21.4% 11.2% -28.9% 5.1% 18.5% NGE 16.7% 27.5% 17.2% -27.2% 7.1% 26.9% Note: Returns are before tax and net of
Slide 5: Investment philosophy
Investment philosophy Target investments that can generate strong returns with an adequate margin of safety • Individual securities can and do significantly deviate away from their fair value. • Potential to generate strong risk-adjusted returns by investing in select securities at opportune times.
Slide 6: Investment process
Investment process Idea generation Proprietary research • Screening • Fundamental analysis • Identify mispricing • Company meetings / site visits • Leverage network of contacts • Speak to experts Investment decision Assessment • Buy, hold, sell, wait, do nothing • Qualify against investment philosop
Slide 7: Portfolio positioning during pandemic
Portfolio positioning during pandemic 1 De-risked portfolio Sold out of United Company RUSAL plc (HKE:0486) due to the company’s significant leverage, the depressed aluminium price (which may remain so for some time as excess inventories are worked through) and uncertainty around the future econom
Slide 8: NGE portfolio
NGE portfolio Top holdings – 30 April 2020 Karoon Energy ASX:KAR 25.9% Yellow Cake plc LSE:YCA 21.1% Base Resources ASX:BSE 4.3% Horizon Oil(1) ASX:HZN 1.8% Uranium Participation Corp TSX:U 0.7% Net cash and other 46.2% (1) Sold out of remaining HZN position during May. 8
Slide 9: Portfolio holding: Karoon Energy
Portfolio holding: Karoon Energy Karoon Energy Ltd (ASX:KAR) Snapshot Description Oil and gas explorer with operations in Australia, Ticker ASX:KAR Brazil and Peru. Price (30 Apr 2020) $ 0.55 Key asset is its cash balance of ~A$480m, of Shares outstanding m 552.98 which ~93% is held in USD. Mark
Slide 10: Portfolio holding: Yellow Cake
Portfolio holding: Yellow Cake Yellow Cake plc (LSE:YCA) NAV as at 30 Apr 2020 Description Listed investment company whose strategy is to buy and Uranium holdings mmlb 9.62 hold physical uranium for the long-term. Spot price US$/lb 32.75 Currently holds 9.6mmlbs of “natural uranium” in the form
Slide 11: Portfolio holding: Base Resources
Portfolio holding: Base Resources Base Resources Limited (ASX:BSE) Snapshot Description Owns and operates the Kwale Mineral Sands Project Ticker ASX:BSE in Kenya, which produces rutile, ilmenite and zircon. Price (30 Apr 2020) $ 0.130 Owns 85% (with option to purchase remaining stake) Market cap
Slide 12: Board and management
Board and management David Lamm Adam Saunders Ilan Rimer Leslie Smith Executive Chairman & Executive Director & Non-Executive Director Chief Financial Officer & Chief Investment Officer Portfolio Manager Company Secretary Responsible for the origination of Responsible for the origination, Exte
Slide 13: Contact details
Contact details David Lamm Adam Saunders Executive Chairman & Executive Director & Investment proposals Chief Investment Officer Portfolio Manager Submit an investment opportunity for us to consider to: investments@ngecapital.com.au NGE Capital Limited P: +61 3 9648 2290 E: office@ngecapital.com.au