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Cadence Opportunities Fund Ltd. ( (AU:CDO) ) has provided an announcement.
Cadence Opportunities Fund reported a gross performance decline of 3.3% in December, slightly underperforming the All Ordinaries Accumulation Index which fell by 3.1%. Key detractors included Echo IQ, Alcoa Corporation, AML3D, and Turaco Gold, while Queensland Pacific Metals, IperionX, and Robex Resources contributed positively. Alcoa’s shares dipped due to minor alumina and aluminium price drops, but the company is undergoing a profitability enhancement program. Robex Resources showed strong performance with a significant operating income increase, and its Kiniero project is on schedule. Cadence Opportunities Fund is trading at a pre-tax NTA discount of around 10% and has initiated an on-market buy-back to address this.
More about Cadence Opportunities Fund Ltd.
YTD Price Performance: 3.34%
Average Trading Volume: 11,659
Technical Sentiment Consensus Rating: Sell
For a thorough assessment of CDO stock, go to TipRanks’ Stock Analysis page.
