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Cadence Opportunities Fund Ltd. ( (AU:CDO) ) has provided an update.
Cadence Opportunities Fund Limited reported a 7.9% increase in its fund performance for the full year, with a profit after tax of $1.5 million. The fund’s strong performance in the second half of the year was driven by investments in companies like Evolution Mining and Netflix, despite some underperformance in the first half. The company announced a fully franked final dividend of 7.0 cents per share, with a total annual dividend of 13.5 cents per share. The fund plans to continue its on-market buy-back strategy to manage shares trading at a discount to net tangible assets (NTA), and the dividend reinvestment plan remains in operation.
More about Cadence Opportunities Fund Ltd.
Cadence Opportunities Fund Limited operates in the financial services industry, focusing on investment management. The company is listed on the Australian Securities Exchange (ASX) under the ticker CDO and specializes in managing a diversified portfolio of investments, aiming to deliver strong returns to its shareholders.
Average Trading Volume: 15,607
Technical Sentiment Signal: Buy
For detailed information about CDO stock, go to TipRanks’ Stock Analysis page.