CTN just released its December quarter MicroCap commentary in which the quarter was quite active for the portfolio

CTN just released its December quarter MicroCap commentary in which the quarter was quite active for the portfolio. We saw opportunities to participate in a number of new floats and capital raisings over the quarter (see P14). We have been further reducing the exposure to both global and domestic Cyclicals. We have used the funds raised to increase the weighting to a number of defensive/growth stocks and sectors (see pages 12-14). Some contributors over the quarter included Amcom Telecommunications, (ASX Code AMM, which returned 54%), ERM Power (EPW, 27%), Corporate Travel Management (CTD, 34%), Nanosonics (NAN, 38%) and Austal (ASB- 16%). Over the 12 months the portfolio held a total of 96 positions. Positive contributors included Austal (ASB, 73%), Infomedia (IFM, 104%), Slater and Gordon (SGH, 33%), Corporate Travel (CTD, 81%), G8 Education (GEM, 72%) 360 Capital, (TGP, 78%), Iproperty (IPP, 35%) and Capitol Health (CAJ, 130%). This newsletter also includes some commentary on how the desire for reliable, franked income is driving the structural evolution occuring in LIC's. (pages 18-21) Read CTN Quarterly here (VIEW LINK)

Contango uses a combination of top down and bottom up analysis to identify the most attractive investment opportunities in the Australian share market. Contango's Business Cycle approach enables us to shift between growth and value depending on...


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