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Ryder Capital Ltd. ( (AU:RYD) ) just unveiled an announcement.
Ryder Capital Ltd announced a correction to the heading of its July Net Tangible Asset Backing report, with no changes to the content. The company’s pre-tax NTA increased by 7.06% in July, driven by significant gains in Lumos Diagnostics, Tetratherix, Amplitude Energy, and Airtasker. Lumos Diagnostics notably contributed around 40% of the monthly return following a pivotal distribution agreement for its FebriDx product. Ryder Capital also participated in the IPO of Tetratherix and continued to adjust its portfolio by adding to existing positions and investing in new holdings.
More about Ryder Capital Ltd.
Ryder Capital Limited is a Sydney-based boutique fund manager specializing in small-cap Australian equities. The company employs a high-conviction, value-driven investment strategy with a focus on medium to long-term capital growth. Ryder Capital aims to exceed the RBA Cash rate by 4.25% annually and is known for its concentrated portfolio and commitment to generating strong absolute returns.
Average Trading Volume: 64,029
Technical Sentiment Signal: Buy
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