Aug 17, 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 June Year-End Webcast for Cadence Capital Limited. We've had a record profit this year of $106.1 million and a record after-tax profit of $75 million. We ended the year at 43.2%, outperforming the All Ordinaries Accumulation Index by 13%, whilst on average holding 12.5% cash during that period.
The share price was up 83.5%, including dividends, but excluding franking, which was a very pleasing return to share price, which is very -- trading it fairly close to NTA now. And we have had a number of new and existing shareholders as well as past shareholders buying additional shares.
We continued with our on-market buyback and have now bought back 24.3 million shares for a total consideration of $18.4 million, which means we've paid an average price of $0.76 per share during that buyback, and the share price is around $1.12 now.
And the Board and Management, who are the largest investors in the company, have continued to add to their positions
Full Year 2021 Cadence Capital Ltd Earnings Call Transcript
Aug 17, 2021
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