Cadence Capital Limited · ASX:CDM
Cadence Capital — SMSF Summit 2017
12 slides from Cadence Capital's conference presentation, Jun 19, 2017
Slide 1: Cadence Capital Limited – SMSF Summit 2017 Investor Presentation
Cadence Capital Limited For personal use only SMSF Summit 2017 Investor Presentation Karl Siegling, Cadence Capital March 2017
Slide 2: Investing in the market over 10 years
Investing in the market over 10 years For personal use only 60,000 Up 42% All Ords Accum Index returns with high levels of volatility 50,000 Down 16% 40,000 30,000 Down 20% Down 51% 20,000 2
Slide 3: Fund fashion (hope, fear and greed)
Fund fashion (hope, fear and greed) For personal use only 60,000 Up 6.4% p.a. HOPE (11.8 yrs) 50,000 HOPE 40,000 HOPE FEAR 30,000 FEAR 20,000 FEAR 10,000 Long 130/30 Net short Neutral Index Fund Margin Loan fund Fund 0 3
Slide 4: Brokers Changing Recommendations
Brokers Changing Recommendations For personal use only Source: Deutsche Bank AG London – Auto Manufacturing Volkswagen AG, 17 June 2016 4
Slide 5: The Investor's Dilemma
The Investor’s Dilemma For personal use only How do you make sure that you : ▪ Invest into equities at the right time? ▪ Move back into cash at the right time? ▪ Buy into new trends and new trending stocks at the right time? ▪ Sell out of a stock once the trend has ended? ▪ Have exposure to certain
Slide 6: Where should I invest?
Where should I invest? For personal use only CASH ALL ORDS ACCUM CADENCE CAPITAL LTD INDEX (11.8 Years) (11.8 Years) Gross Performance 2.0% 6.4% 15.4% Less Management Fees - (0.2%) (1.0%) Less Tax (30%) (0.6%) (1.9%) (4.3%) Post Tax Return 1.4% 4.3% 10.1% Yield 1.4% (Not Franked) 4% (Fully Franked)
Slide 7: Who are we?
Who are we? For personal use only ▪ Cadence Capital Limited looks to outperform the market by going long or short equities and by moving into and out of cash ▪ Cadence Capital looks for opportunities across all sectors, market caps and countries ▪ Cadence Capital has a 14 year track-record ▪ Cadence
Slide 8: Cadence Fundamental Research
Cadence Fundamental Research For personal use only 450 company visits per annum 8
Slide 9: Entry and Exit of Long Positions
Entry and Exit of Long Positions For personal use only ▪ Wait until trend has turned and ▪ Identify a change in trend - 1, 3 and 12 then accumulate positions month chart analysis ▪ Do not average down ▪ Individual stock positions are monitored for a change in trend using bear market variance and liq
Slide 10: Performance and Dividend Yield
Performance and Dividend Yield For personal use only Performance* to 15th June 2017 (Estimated) CDM** All Ords Outperformance Month to Date 2.7% 0.6% +2.1% YTD 18.4% 13.5% +4.9% 1 Year 18.4% 13.5% +4.9% 3 Years (per annum) 5.0% 7.0% -2.0% 5 Years (per annum) 10.6% 11.7% -1.1% 8 Years (per annum) 18.
Slide 11: Discount and Premium to NTA past years
Discount and Premium to NTA past 5 years For personal use only 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% -25.0% 15th June 2017: Post Tax NTA $1.25* CDM Share Price $1.23* CDM now trading at a discount to post tax NTA and a premium to pre tax NTA * These are post the 4.0c fully franked i
Slide 12: Disclaimer
Disclaimer For personal use only The information contained in this report has been prepared with all reasonable care by Cadence Asset Management Pty Ltd and is of a general nature only. It is provided for information purposes only and should not be construed as an offer or solicitation. Nothing cont