Sandon Capital Investments Limited (AU:SNC) has released an update.
Sandon Capital Investments Limited reported a gross performance decline of 1.2% for March 2024, underperforming the All Ordinaries Accumulation Index which rose by 3.1%. The company’s portfolio suffered despite no significant news affecting stock prices, with positive contributions from Magellan Financial Group and others being overshadowed by losses from Fleetwood Ltd and IDT Australia Ltd. Sandon Capital remains optimistic, highlighting the long-term prospects of core investments, including COG Financial Services’ growth and the strategic acquisition by Spectra Systems plc.
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