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.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now