CTN's June investment portfolio update with Top 20 Holdings, portfolio fundamentals and performance- Bill Laister, CTN portfolio manager said that May was a...
Contango Asset Management
CTN's June investment portfolio update with Top 20 Holdings, portfolio fundamentals and performance- Bill Laister, CTN portfolio manager said that May was a bounce-back month with the portfolio up 1.9%, with 40/67 positions contributing positively. Observing the market, the month saw a recovery in a number of the internet names after a significant sell-off in April. We saw strong performances from Nearmap (NEA) +26.0%, Ibuy (IBY) +14.9% and Iproperty (IPP) +11.1%. The bid for Shadforths (SFW) +17.1% also had a positive impact on Hub24 (HUB) +10.2%. On the downside we saw two profit downgrades in Chandler McLeod (CMG) -18.0% and also Ingenia (INA) -9.1%. The portfolio also undertook further selling in selected companies to lock in profits. June's mid-month investor update which contains the Top 20 holdings and the Portfolio Fundamentals table (P/E, EPSg, Yield, ROE & ND/E) can be viewed on the CTN Investor Centre via (VIEW LINK)
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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 market conditions. We undertake detailed analysis of economic and industry trends to assist us in identifying sector themes, such as the China induced demand for commodities. Our in depth company research enables us to identify those companies that have the strategies, management capabilities and business environment to deliver superior returns.
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Contango Asset Management
Fund Manager
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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