Half Year 2020 Cadence Capital Ltd Earnings Call Transcript

Mar 10, 2021 / NTS GMT
Karl Peter John Siegling - Cadence Capital Limited - Chairman and MD of Cadence Asset Management Pty Limited

Ladies and gentlemen, welcome to the half yearly webcast for Cadence Capital Limited. Hopefully, by now, you've seen that we've released our half yearly results onto the ASX. We've had a record profit of $69 million and an after-tax profit of $48.5 million. That's come about through a gross performance of around 28%, outperforming the All Ordinaries Index by 12%.

We've also announced at a Board level the $0.02 fully franked dividend, which equates to around a 4.5% fully franked dividend. And when you gross that up for the franking, it's around 6.5%.

The top contributors for the period -- the 6-month period were Resimac, Pinterest, Lynas, Money3, AP Eagers, Pointsbet, Credit Corp, ARB Corp, Redbubble, Qualcomm and Reece. As you can see, that's a wide spread of companies that have been the top contributors, which is pleasing to see. And the largest detractors from performance were WiseTech Global and Jumbo Interactive, and they were obviously much smaller losses as well.

The

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot