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Cadence Opportunities Fund Ltd.
(Sydney:CDO)
Cadence Opportunities Fund Ltd. (CDO) vs. iShares MSCI Australia ETF (EWA)
Cadence Opportunities Fund Ltd. Business Overview & Revenue Model
Cadence Opportunities Fund Ltd. Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.50M | 4.34M | -650.26K | -1.01M | 10.31M |
| Gross Profit | 3.50M | 3.59M | -1.63M | -2.17M | 8.12M |
| EBITDA | 0.00 | 2.92M | -2.04M | -2.49M | -127.09K |
| Net Income | 1.49M | 2.34M | -1.34M | -1.52M | 5.59M |
Balance Sheet | |||||
| Total Assets | 44.86M | 40.52M | 41.31M | 48.11M | 35.85M |
| Cash, Cash Equivalents and Short-Term Investments | 12.82M | 38.93M | 21.20M | 24.02M | 62.20M |
| Total Debt | 8.35M | 6.70M | 3.96M | 2.50M | 7.49M |
| Total Liabilities | 12.67M | 7.94M | 9.12M | 13.10M | 13.89M |
| Stockholders Equity | 32.18M | 32.58M | 32.18M | 35.01M | 21.97M |
Cash Flow | |||||
| Free Cash Flow | 9.58M | -18.53M | -2.80M | 3.43M | -5.10M |
| Operating Cash Flow | 9.58M | -18.53M | -2.80M | 3.43M | -5.10M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -1.88M | -1.94M | -1.48M | 14.18M | 8.23M |
Cadence Opportunities Fund Ltd. Technical Analysis
Cadence Opportunities Fund Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$64.02M | 7.05 | 32.22% | 6.39% | 22.67% | 19.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$62.22M | -39.84 | 3.57% | 6.89% | 30.36% | -31.47% | |
60 Neutral | ― | 4.23 | 4.61% | 7.09% | -19.26% | -36.79% | |
55 Neutral | AU$26.98M | 70.25 | 2.17% | 2.94% | 38.32% | ― | |
53 Neutral | AU$30.12M | 53.68 | 2.42% | 2.03% | 18.17% | ― |
Cadence Opportunities Fund Ltd. Corporate Events
Cadence Opportunities Fund has reported a record half-year profit before tax of $9.1 million and profit after tax of $6.4 million, with its portfolio rising 36.1% and outperforming the All Ordinaries Accumulation Index by 31.7%. Performance was driven largely by strong gains in gold mining holdings such as Kingsgate, Equinox, Robex, Turaco, Endeavour and New Gold, which benefited from a sharp rerating in gold equities as the Australian dollar gold price climbed.
The board declared a fully franked interim dividend of 7.5 cents per share, implying a 7.1% yield based on the current share price and supported by profit reserves of 48 cents per share, equivalent to more than three years of dividends at the current rate. The company will operate its dividend reinvestment plan for this payout and intends to buy back DRP shares when they trade below pre-tax NTA, while also capitalising on elevated capital raisings in the resources sector amid a higher interest rate environment and persistent inflation pressures.
The most recent analyst rating on (AU:CDO) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Cadence Opportunities Fund Ltd. stock, see the AU:CDO Stock Forecast page.
Cadence Opportunities Fund Ltd. has declared a fully paid ordinary share distribution of AUD 0.075 per share for the six-month period ended 31 December 2025, reinforcing its capital return profile to investors. The distribution will trade ex-dividend on 15 April 2026, with a record date of 16 April 2026 and payment scheduled for 30 April 2026, giving shareholders clear timing on cash flow and dividend participation, including elections related to the distribution reinvestment plan by 20 April 2026.
The most recent analyst rating on (AU:CDO) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Cadence Opportunities Fund Ltd. stock, see the AU:CDO Stock Forecast page.
Cadence Opportunities Fund Ltd. reported a sharp turnaround in its half-year results to 31 December 2025, with revenue from ordinary activities surging 6,197% to $11.3 million compared with the prior corresponding period. Profit after tax attributable to members jumped 2,363% to $6.4 million, while net tangible asset backing after tax rose to $2.38 per share from $1.99 a year earlier.
The board declared a fully franked interim dividend of 7.5 cents per share, up from the 6.5 cent interim dividend paid in 2025, and confirmed that the Dividend Re-Investment Plan will operate for this payout with pricing based on the post–ex-dividend trading period. The stronger earnings and higher NTA underline an improved performance profile for investors, reinforcing the fund’s capacity to sustain and modestly grow fully franked distributions in the current period.
The most recent analyst rating on (AU:CDO) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Cadence Opportunities Fund Ltd. stock, see the AU:CDO Stock Forecast page.
Cadence Opportunities Fund Ltd., an Australian listed investment company trading as CDO, manages a portfolio of securities for investors in the financial services sector. The fund offers exposure to a range of investment opportunities through its actively managed listed structure.
The company has cancelled 58,378 ordinary fully paid shares following an on-market buy-back completed on 10 February 2026. This reduction in issued capital may marginally increase the ownership percentage of remaining shareholders and reflects the fund’s ongoing capital management activities.
The most recent analyst rating on (AU:CDO) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Cadence Opportunities Fund Ltd. stock, see the AU:CDO Stock Forecast page.
Cadence Opportunities Fund reported a strong start to 2026, posting a 10.2% gross return in January and beating the All Ordinaries Accumulation Index by 8.6% for the month. Over the past seven months the fund is up 50%, driven by positions in gold miners such as EQ Resources, Robex Resources, West African Resources and Kingsgate, as well as holdings like Samsung Electronics, with Turaco Gold the main detractor.
The manager highlighted surging but volatile gold prices, noting the metal hit a record USD 5,595 per ounce before a sharp pullback, and pointed to robust fundamentals at portfolio companies, including rising tungsten output at EQ Resources and progressing mine developments at Robex. Samsung’s exposure to booming AI-driven memory demand has also supported returns, while the fund underlined its income appeal, with franked and gross yields around three times the broader market and profit reserves sufficient to cover about four years of dividends at current levels.
The most recent analyst rating on (AU:CDO) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Cadence Opportunities Fund Ltd. stock, see the AU:CDO Stock Forecast page.
Cadence Opportunities Fund Limited has disclosed a change in director Jolanta Masojada’s relevant interest in the company’s securities, with Masojada acquiring 15,000 ordinary shares via an on-market trade on 12 January 2026, increasing her indirect holding from 13,990 to 28,990 ordinary shares. The transaction, valued at approximately $31,534.65, indicates an increased financial commitment by the director to the fund, with the company confirming that the trade did not occur during a closed period, suggesting adherence to governance and trading policy requirements.
The most recent analyst rating on (AU:CDO) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Cadence Opportunities Fund Ltd. stock, see the AU:CDO Stock Forecast page.
Cadence Opportunities Fund reported a strong December with a 12.4% gross return, outperforming the All Ordinaries Accumulation Index by 11.1%, and delivering a 36.1% gain in the first half of the 2026 financial year. Performance was driven largely by gold-related positions such as Turaco Gold, Kingsgate Consolidated, Robex Resources and others, benefiting from a sharp rally in gold miners as their share prices finally caught up with the rising gold price; Robex hit an all‑time high following shareholder approval of its amended merger with Predictive Discovery, while Turaco’s positive drilling results and robust African gold M&A activity fuelled a 61% monthly share price jump. The fund also highlighted its income profile, noting dividend yields around three times higher than the broader market for FY 2025 and profit reserves equivalent to roughly four years of dividends at the current payout level, underscoring both strong recent performance and a degree of visibility over future distributions for investors.
The most recent analyst rating on (AU:CDO) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Cadence Opportunities Fund Ltd. stock, see the AU:CDO Stock Forecast page.
Cadence Opportunities Fund Limited has cancelled 4,895 fully paid ordinary shares following completion of an on‑market buy-back, effective 5 January 2026. The small reduction in issued capital marginally improves capital efficiency and slightly increases the proportional ownership of remaining shareholders, reflecting the fund’s ongoing use of buy-backs as a capital management tool.
The most recent analyst rating on (AU:CDO) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Cadence Opportunities Fund Ltd. stock, see the AU:CDO Stock Forecast page.
Cadence Opportunities Fund Limited announced an update regarding its ongoing share buy-back program. The company reported that it has repurchased a total of 195,508 securities prior to the previous day, with an additional 4,895 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
Cadence Opportunities Fund Ltd. reported a positive gross performance of 2.7% in November, significantly outperforming the All Ordinaries Accumulation Index. The fund’s strong performance was driven by investments in companies like Equinox Gold and Robex Resources, with notable improvements in mining operations and strategic mergers. The fund’s dividend yield is three times higher than the All Ordinaries Index, and it maintains a robust reserve for future dividends.
Cadence Opportunities Fund Ltd. has announced an update regarding its ongoing buy-back program. The company has repurchased a total of 148,868 securities before the previous day and an additional 46,640 securities on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.