Investors unmoved by Cadence Capital Limited’s (ASX:CDM) stellar results

International equities manager Cadence Capital Limited (ASX: CDM) shares are stalled at $1.30 at the time of writing after the company posted a record FY18 profit after tax of $41.2 million – up 12% on FY17.

The results revealed Cadence outperformed the All Ordinaries Accumulation Index by 4.5% while holding around 20% cash with fund gross performance of 18.2%.

Cadence chair Karl Siegling named the top contributors to the fund’s stellar performance as: Noni B Limited (ASX: NBL), ARQ Group Ltd (ASX: ARQ), Macquarie Group Ltd (ASX: MQG), Emeco Holdings Limited (ASX: EHL), Shine Corporate Ltd (ASX: SHJ), Independence Group NL (ASX: IGO) and Facebook.

Cadence will launch the Cadence Opportunities Fund in coming months, with the IPO looking to raise $250 million with priority allocation for existing Cadence Capital shareholders.

Cadence shareholders will be paid a 4c per share fully-franked dividend in September.

Japanese Billionaire’s Prediction Will Give You Goosebumps

When a veritable investing and entrepreneurial genius speaks, it pays to listen.

In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.

Click here to learn about this technology and how you can profit!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.