CDM - Cadence Capital

[Tommy Shelby]

Didn't quite go to plan - share price down to $1.22. I'm not a massive fan of the proposed method of divestment as I imagine there will be a fair bit of cost incurred for spinning it out and creating a new listed company as a proxy holder of shares in TMC

 

[Tommy Shelby]

Bumpy few days for newly listed TMC

But a strong boost to NTA now sitting at $1.45/Share

 

[Tommy Shelby]

Update - TMC getting slaughtered

wonder if it has to do with this or just bad timing for an IPO? http://pacific.scoop.co.nz/2021/09/investors-take-flight-from-the-metals-company/

 

[divs4ever]

looks like they will not have to demerge the holding after all

 

[Tommy Shelby]

Yep - quite the 360 on the story of releasing value.

 

[divs4ever]

but the way of recently floated companies some go for the sky , and others descend to micro-caps

 

[divs4ever]

( i hold CDM and participate in the DRP )

now i am NOT telling you to buy

but am watching this webcast to get a good idea what stocks they are investing in ( they are fairly active )

Cadence Capital Limited December 2024 Half Year Webcast - Cadence Capital

In this half year webcast, Karl Siegling first discusses the Company’s half year results, its 3.0c interim dividend and the current composition of the portfolio. He then gives some feedback from the recent reporting season where he discusses price earnings expansion in some detail before looking...

www.cadencecapital.com.au

when i invest in the same stocks as CDM we usually use opposite strategies ( they buy multiple parcels into up-trends while i buy multiple parcels in the down-trend )

please note this LIC liquidated the entire portfolio in March 2020 ( and i was busy cherry-picking and selling reverse-index ETFs that month )

 

[divs4ever]

in fact going back in my records i was ADDING to CDM in February 2020 @ 71 cents , and in March 2020 @ 48 cents and 39 cents ( bought a week apart )

so i was buying CDM when they were liquidating their portfolio

 

[DB008]

If CDM keeps dropping, might be a good stock to buy and enrol in DRP for future growth.

Under 50 cents would be a steal IMO

 

[divs4ever]

If CDM keeps dropping, might be a good stock to buy and enrol in DRP for future growth.

Under 50 cents would be a steal IMO

well it accumulates via the DRP nicely at these levels

but i did note only 50% franking ( @ 30% ) this time

i threw in a smallish order in @5? cents just in case this week

and they ( currently ) buy on market to fill the DRP allotment , so if this dips further i win twice ( more shares via the DRP and some extra cheapish shares)

now critics aren't happy with the 18% discount on NTA , but you get that with actively managed LICs because the portfolio turns over so often