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Ryder Capital Ltd. ( (AU:RYD) ) just unveiled an announcement.
Ryder Capital reported a sharp decline in net tangible asset values for the March 2026 quarter after a global sell-off in software stocks and a severe geopolitical shock in the Middle East roiled markets. The closure of the Strait of Hormuz and damage to Gulf energy infrastructure pushed oil above US$100 and LNG prices sharply higher, feeding expectations of a renewed inflation spike and leaving the Reserve Bank of Australia under pressure to keep monetary policy tight.
Against this backdrop, the firm’s pre-tax NTA fell 10.73% for the quarter, broadly in line with the ASX Small Ordinaries, after heavy mark-to-market losses in names such as Lumos Diagnostics, Adore Beauty and Janison Education. Management emphasised that the portfolio entered the downturn with about 17% cash, allowing Ryder to recycle capital by trimming winners, realising $12.8 million in net capital profits and redeploying into beaten-down but profitable software and services names, positioning the fund to benefit if markets stabilise.
More about Ryder Capital Ltd.
Ryder Capital Ltd. is an Australian listed investment company focused on small and mid-cap equities, with a particular emphasis on ASX-listed smaller companies. It manages an actively managed portfolio, aiming to generate superior risk-adjusted returns via concentrated positions, active trading and maintaining cash flexibility to exploit periods of market dislocation.
Average Trading Volume: 76,095
Technical Sentiment Signal: Buy
See more insights into RYD stock on TipRanks’ Stock Analysis page.