Ryder Capital Ltd. (AU:RYD) has released an update.
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Ryder Capital Ltd. reported a robust pre-tax NTA gain of +12.66% for the September 2024 quarter, marking its fifth consecutive quarter of growth and significantly outperforming benchmark indices as well as its own performance hurdle. The company highlighted strong earnings and positive FY25 forecasts from most of its core portfolio companies, with standout contributions from SRG Global, BCI Minerals, Macmahon, and Fleetwood. Despite some underperformance from companies like Austin Engineering and Janison Education, Ryder Capital remains optimistic about the potential for small cap stocks and is poised to capitalize on favorable market conditions for these undervalued assets.
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