Ryder Capital Hit by March Sell-Off but Deploys Cash Into Small-Cap Opportunities

Ryder Capital Ltd. ( (AU:RYD) ) has issued an announcement.

Ryder Capital reported a sharp pre-tax NTA decline of 9.79% in March to $1.9744 per share, as global equity market volatility and a pronounced sell-off in smaller companies weighed on performance. Key detractors included core holdings Lumos Diagnostics, Chrysos and Janison Education, while positions such as BCI Minerals and Count held up comparatively better.

Despite the downturn, Ryder Capital emphasised its longer-term track record of materially outperforming its RBA cash rate plus 4.25% hurdle and highlighted its capacity to deploy capital into dislocated opportunities. The company used its elevated cash position to initiate new positions in Siteminder and Vista Group and to add to names including Adore Beauty, Airtasker, OFX, Vitrafy Life Sciences and Polymetals, trimming some other holdings as cash fell to 15.64% of the portfolio.

More about Ryder Capital Ltd.

Ryder Capital Limited is an ASX-listed listed investment company focused on small and micro-cap Australian equities, managed by Sydney-based boutique firm Ryder Investment Management. The manager follows a high-conviction, value-driven, absolute-return strategy, targeting medium to long-term capital growth by backing select positions and avoiding crowd-driven trading.

Average Trading Volume: 76,095

Technical Sentiment Signal: Buy

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