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Clime Capital Limited ( (AU:CAM) ) has issued an update.
Clime Capital Limited reported an end-of-month net tangible asset value of 82.5 cents per share after tax, with a pre-franking dividend yield of 7.9%, significantly higher than the ASX 200’s 3.3%. The company exited its position in Metcash due to concerns over earnings risks in its supermarket division, influenced by weak tobacco sales trends, indicating a strategic shift in its portfolio management.
More about Clime Capital Limited
Clime Capital Limited is a yield-focused listed investment company that invests in quality Australian companies and debt securities. The company emphasizes solid income and capital growth, aiming for above-market yield and capital growth through active management and research-driven insights.
Average Trading Volume: 152,879
Technical Sentiment Signal: Sell
For detailed information about CAM stock, go to TipRanks’ Stock Analysis page.