Ryder Capital Ltd. ( (AU:RYD) ) has provided an update.
Ryder Capital Ltd. reported a decrease in pre-tax NTA by 3.88 cents to $1.5124, resulting in a negative monthly return of -2.50% amid a volatile period for Australian equities. Despite the challenging environment, the company saw strong gains in several portfolio companies, although these were offset by declines in others. Portfolio adjustments included increasing positions in Coventry Group, Amplitude Energy, and Humm Group, funded by trimming long-term holdings and exiting Austin Engineering. The cash position remained stable, and the company continues to focus on its value-driven investment strategy.
More about Ryder Capital Ltd.
Ryder Capital Limited, listed in September 2015, is managed by Ryder Investment Management Pty Ltd, a boutique fund manager based in Sydney. The company specializes in small-cap Australian equities, employing a high-conviction, value-driven investment strategy focused on medium to long-term capital growth. Ryder Capital aims to exceed the RBA Cash rate plus 4.25% annually, emphasizing strong absolute returns and minimizing investment mistakes.
YTD Price Performance: -7.16%
Average Trading Volume: 27,464
Technical Sentiment Consensus Rating: Sell
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