CDM cadence capital limited

Ann: Investment Update and NTA May 2016-CDM.AX, page-23

  1. 381 Posts.
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    Declines in key underlying stocks (regardless of the price paid) points to a decline vs $1.11 at 31 May in my books as well. Despite their bad run (I had ALF during theirs too), I'll consider buying back in during August, should there be <5% premium to pre-tax NTA.

    The tax credits evident in the post-tax NTA are nice, but reflect that they've booked net substantial losses in recent times which explains the SP performance.
 
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