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Glennon Small Companies Ltd ( (AU:GC1) ) has shared an announcement.
In December 2024, Glennon Small Companies Ltd’s portfolio underperformed the benchmark S&P/ASX Small Ordinaries Accumulation Index, with a return of -3.93% compared to -3.07%. Despite the downturn, several micro-cap investments showed resilience, notably Kelly Partners and Sequoia Financial. The company is reviewing its investment in Ventia Services due to ACCC allegations, but remains confident in the long-term prospects of its portfolio despite expected volatility. The company holds significant cash reserves to manage potential penalties, ensuring financial stability amidst market challenges.
More about Glennon Small Companies Ltd
Glennon Small Companies Ltd operates in the financial services industry, focusing on small cap investments. It manages a diverse portfolio across various sectors including technology, healthcare, and resources, aiming to provide significant returns by investing in smaller, growth-oriented companies. The company is positioned to leverage the growth potential of these smaller entities, which often have less analyst coverage and market attention.
YTD Price Performance: 0%
Average Trading Volume: 31,215
Technical Sentiment Consensus Rating: Sell
See more insights into GC1 stock on TipRanks’ Stock Analysis page.
