What Investors Need to Know About CBG Capital Limited

  • Apr 24, 2019 AEST
  • Team Kalkine
What Investors Need to Know About CBG Capital Limited

An Australian equities listed investment company, CBG Capital Limited (ASX: CBC) is committed to generating an attractive return over the medium term for its shareholders. The company aims to create a mechanism for shareholders to access a high-quality, diversified portfolio managed by an experienced investment team. The investment team is focused on managing the company’s portfolio and generating a regular flow of fully franked dividends on the basis of a permanent long-term pool of the investment portfolio.

The company’s portfolio is focused on high-quality firms with a growth bias. The investment team undertakes in excess of 300 investment meetings each year with listed companies that it is holding shares in or are potentially considered as an investment. The company follows a detailed investigative process to comprehend the unique drivers of value in each company with an aim to identify opportunities, where the intrinsic value is not reflected in the current share price.

In the month of March 2019, the company’s portfolio returned +1.6%, net of fees and pretax on unrealised gains/losses, compared to a +0.7% return for the S&P/ ASX 200 Accumulation Index. During the month, Jumbo Interactive (JIN, +25.0%), HUB24 (HUB, +19.2%) and Afterpay (APT, +13.7%) were the strongest contributors for the month within the portfolio.

At the close of business on 29th March 2019, the gross value of CBG Capital’s investment portfolio was around $26.7 million compared to $26.1 million as at 28 February 2019. The gross return was thus 2.3% in March 2019.

For the half year ended 31 December 2019, the company reported revenue from ordinary activities of $2.55 million. The company declared a dividend of A$0.017 per share for the period of six months ending 31 December 2018. The dividend is having a record date of 3rd May 2019, ex-date of 2nd May 2019 and payment date of 23rd May 2019. As at 31 December 2019, the company had total current assets of $23,054,000 and total current liabilities of $112,000. At the end of December 2019, the company had cash and cash equivalent of $3.069 million.

Now, let’s have a glance at the company’s stock performance and the returns it has posted over the past few months. At market close on 24 April 2019, the stock of the company was trading at a price of A$1.020, with a market capitalisation of A$26.7 million. The counter opened the day at $1.020, reached the day’s high of $1.025 and touched a day’s low of $1.020, with a daily volume of 81,558. The stock has provided a YTD return of 12.09% and also posted returns of 2%, 12.09% and 3.03% over the past six months, three months and one-month period, respectively. Its 52-week high price stands at $1.040 and 52-week low price at $0.822, with an average volume of 36,151.


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