Cadence Opportunities Fund’s July Performance and Strategic Moves

An update from Cadence Opportunities Fund Ltd. ( (AU:CDO) ) is now available.

Cadence Opportunities Fund reported a gross performance increase of 0.5% in July, trailing the All Ordinaries Accumulation Index’s 2.6% rise. Key contributors to the fund’s performance included Clarity Pharmaceuticals and Motorcycle Holdings, the latter of which expanded its operations with strategic acquisitions in Perth and Adelaide. However, Boss Energy detracted from performance due to operational challenges at its Honeymoon Uranium Mine. Cadence Opportunities Fund’s pre-tax NTA increased by 7.9% over the first seven months of the year, with the company actively buying back its stock at a discount.

More about Cadence Opportunities Fund Ltd.

Average Trading Volume: 15,770

Technical Sentiment Signal: Buy

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