Glennon Small Companies Sees Mixed Performance

Glennon Small Companies Ltd (AU:GC1) has released an update.

Glennon Small Companies Ltd reported a modest portfolio return of 0.82% in July 2024, underperforming against the S&P/ASX Small Ordinaries Accumulation Index’s 3.49%. Key contributors to this performance included Zip Co with a 20.46% increase, while notable detractors such as Metgasco fell by 40%. The company anticipates mixed financial results in the upcoming reporting season, citing resilience in online sales but acknowledging challenges due to high living and labor costs.

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