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Cadence Capital Limited (ASX:CDM)

ALERT: Price-sensitive ASX Announcement for CDM
Current share price for CDM : $0.740 0.05 (7.25%)+
Announcement
Release
27 Feb 2025 4:33PM
Price at Release
$0.690
Full Release
download
Summary
Cadence Capital Limited reported a half-year loss after tax of $7.8 million for the period ending 31 December 2024, with a portfolio decline of 3.6%. Key performers included Netflix and Meta Platforms, while Whitehaven Coal and BHP were significant detractors. The company announced an interim dividend of 3 cents per share, equating to an annualized yield of 8.7%. The report highlighted a challenging environment due to falling commodity prices affecting the Metals and Mining sector, yet noted that investing in turnaround situations yielded positive returns.
Key Points
  • Half year loss after tax of $7.8 million
  • Portfolio down 3.6% over the half year
  • Top contributors included Netflix and Meta Platforms
  • Major detractors were Whitehaven Coal and BHP
  • Interim dividend of 3 cents per share declared
  • Annualized yield of 8.7% based on the interim dividend
  • Ongoing on-market buy-back of shares issued in DRP
  • CDM shares trading at an 11% discount to NTA
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.