Sep 21 2016 at 9:12 AM How the Rich Invest: David Paradice Share...

• • Sep 21 2016 at 9:12 AM
    
  • 
    
  How the Rich Invest: David Paradice
  • Share via Email
  • Share on Google Plus
  • Post on facebook wall
  • Share on twitter
  • Post to Linkedin
  • Share on Reddit
  The Australian Financial Review looks at how the wealthy are making money for our column, How the rich invest.
  http://www.copyright link/content/dam/images/g/l/c/0/i/1/image.related.afrArticleLead.620x350.grkjge.png/1474441579744.jpg
  Fund manager David Paradice has found several winners in the mining sector. Louise Kennerley
  by John Stensholt
  To measure the success David Paradice has as a stock picker, go and have a look at the best performing companies in the All Ordinaries Index so far in 2016.
  
  His boutique funds management firm Paradice Investment Management shows up among the top 20 shareholders of many of the highest flying stocks in the All Ords, led by Bradken.
  
  The heavy engineering firm has had a tough few years on the ASX and there are concerns about its gearing levels, but its shares have surged this year to be up 322 per cent since January 1 and make Bradken the best performer among All Ords stocks.
  
  Paradice Investment Management holds about 6.6 per cent of Bradken's stock, and topped up its stake earlier in September.
  
  
  The firm is also a substantial shareholder in Galaxy Resources, which is mining for lithium in Canada, Argentina and Western Australia. Galaxy shares are up 208 per cent since the beginning of 2016.
  
  BKN
• GXY
• BDR

BRADKEN FPO (BKN)
$2.13-0.19-8.19%
volume 508944value 1118887.7

• 5 YEARS
  
• 1 DAY

Oct12May14Dec15GMT+1000 (AUS Eastern Standard Time)Sep11Sep1624680.4448.3
Last updated: Thu Sep 22 2016 - 05:41:33
View full quote
ASX AnnouncementsExpand
Then there is gold miner Beadell Resources, which is exploring in Western Australia and the north of Brazil. Beadell shares hare risen 207 per cent in value since January 1, and Paradice Investment Management in July increased its holding in the company to slightly less than 9 per cent.

Magic touch
Another good performer for Paradice has been mining, civil construction and road infrastructure company MACA.

It is another company that has performed strongly, rising 131 per cent this year, as well as being another that Paradice Investment Management is backing by buying more stock. In July it increased its shareholding to about 7.2 per cent of the company.


The fifth company on the All Ords in which Paradice has more than doubled his money this year is Saracen Mineral Holdings.

Saracen is a gold explorer with operations in Western Australia and its shares are up 122 per cent since January 1. Paradice is joined on the Saracen share register by fellow BRW Rich Listmember Kerry Stokes.

Paradice Investment Management has more than $10 billion funds under management, with Paradice now residing mostly in Denver where the firm is building its Global Small Mid Cap Fund and hoping to replicate the success it has had investing in ASX stocks on a global basis.

At August 31 the fund had $391 million invested, with its biggest holding being in Japanese firm Kansai Paint. The fund modestly outperformed its benchmark S&P Global BMI Index in August, returning 1.53 per cent against 1.36 per cent.


One of its better stocks has been KLX inc, which makes cabin products for passenger aircraft. KLX shares are up about 9 per cent this year.











Related articles

• Former Rio workers arrested for fraud
  • 50 mins ago
• Explorers boost spending as prices improve
• BHP, Vale face $79b in Samarco claims
• Kidman Resources jumps on lithium results
• Maverick Drilling taps Morgans for placement

Commercial Real Estate

• 
  AuctionFor Sale
  36/5-7 Inglewood Place BAULKHAM HILLS NSW
  
  
  • Industrial / Warehouse
    
  • 716m²
• 
  Contact AgentFor Sale
  7 Production Drive PAGET QLD
  
  
  • Industrial / Warehouse
    
  • 99,700m²

• Share via Email
• Share on Google Plus
• Post on facebook wall
• Share on twitter
• Post to Linkedin
• Share on Reddit

Advertisement
Recommended

IFM Investors the new force in listed equities; mandates flowing

'Help! I'm in love with an escort': treating a sex addict while trying to save his…

Labor warns of new tax lurk for rich

China's infrastructure spending goes off the rails

Darlings and deadbeats of the ASX
Recommended by

• SUBSCRIBE
  
• LOGIN

• © Copyright 2016 Fairfax Media Publications Pty Ltd
• Privacy
  
• Terms & Conditions of Use

MORE (FEEDBACK, CONTACT ETC.)














Read more: http://www.copyright link/personal-...-david-paradice-20160920-grkjge#ixzz4KvBNDlm8
Follow us: @FinancialReview on Twitter | financialreview on Facebook