Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Ryder Capital Ltd. ( (AU:RYD) ) is now available.
Ryder Capital Limited reported a 1.95% increase in pre-tax Net Tangible Assets (NTA) for May, driven by strong performances from core holdings like BCI Minerals and Macmahon Holdings. The company continues to strategically adjust its portfolio by adding to positions in Airtasker, Credit Clear, and Emeco Holdings while initiating new holdings to enhance future performance. The share buyback program remains active, and the company anticipates receiving significant cash inflow from the TRS takeover in early July, which will impact its cash reserves and investment strategy.
More about Ryder Capital Ltd.
Ryder Capital Limited, listed in September 2015, is managed by Sydney-based Ryder Investment Management Pty Ltd. The company specializes in a high-conviction, value-driven investment strategy focusing on small-cap Australian equities. Their approach emphasizes medium to long-term capital growth, aiming to exceed the RBA Cash rate by 4.25% annually, with a concentrated portfolio and a focus on generating strong absolute returns.
Average Trading Volume: 31,055
Technical Sentiment Signal: Strong Buy
Find detailed analytics on RYD stock on TipRanks’ Stock Analysis page.