Less yield and profit than its big brother CDM, despite the promise of more active management and gains thru the more active shorting ! Well that didn’t work !
Karl Siegling added, “With inflation remaining elevated and interest rates substantially higher than they were a year ago, the investment environment continues to look significantly different to that of recent years. This tougher economic outlook we believe will lead to a greater dispersion of returns across stocks and sectors and will favour an active stock-picking approach that combines both fundamental and technical research such as the Cadence process.”
”The “Active Stock Picking Approach” strategy would seem to have been poor ! I have to ask where the gain is to be made over and above the investment in CDM ?
Ann: Media Release - Half Year Results, page-2
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Last
$1.77 |
Change
-0.005(0.28%) |
Mkt cap ! $27.62M | |||
| Open | High | Low | Value | Volume |
| $1.77 | $1.78 | $1.77 | $23.90K | 13.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2785 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 5148 | 1 |
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| Last trade - 14.26pm 07/10/2024 (20 minute delay) ? |
| CDO (ASX) Chart |