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Ryder Capital Ltd. ( (AU:RYD) ) has issued an update.
Ryder Capital Ltd reported a positive monthly pre-tax NTA increase of 0.66 cents to $1.5512, reflecting a 0.43% return amid strong equity markets. The company’s portfolio saw notable gains in Cuscal and increases in holdings like Macmahon and BCI Minerals, while efforts to bolster cash reserves involved trimming positions in SRG Global, Service Stream, and Austin Engineering. Additionally, Ryder Capital strategically increased its holding in Cuscal during its trading below IPO price, raising portfolio cash from $15.5 million to $20.2 million.
More about Ryder Capital Ltd.
Ryder Capital Limited is a Sydney-based boutique fund manager specializing in small-cap Australian equities. The company employs a high-conviction, value-driven investment strategy with a focus on medium to long-term capital growth. Listed in 2015, Ryder Capital is managed by Ryder Investment Management Pty Ltd, and it aims to exceed the RBA Cash Rate by 4.25% per annum through a concentrated portfolio and a commitment to generating strong absolute returns.
YTD Price Performance: -4.48%
Average Trading Volume: 30,816
Technical Sentiment Consensus Rating: Sell
For a thorough assessment of RYD stock, go to TipRanks’ Stock Analysis page.
