Further research reports GC1 as best performer

August 24, 2018

 

 

Last week we reported that Independent Investment Research (IIR) named Glennon Small Companies Limited (GC1) as the best performer over the year to 30 July 2018. The average return from their mid-small cap LMI coverage universe for the period was 13.9%. Our performance, at 27.6%, was significantly higher than the average.

 

This week we are pleased to provide some information from Macquarie Wealth Management’s Research Division on Listed Investment Companies. Their August report shows that, for the 12-month period to 30 June 2018, GC1 was the best performing LIC in the Australian Equities space.

 

The chart below shows movements in pre-tax NTA year on year, including cash dividend payments.

 

Source: Glennon Capital. Past performance is no guarantee of future performance and no guarantee of future return is implied.

 

The report also positions GC1 comparatively high in terms of total shareholder return – which combines the movement in pre-tax NTA, premiums/discounts and dividend payments.

 

We are committed to retaining a position as a top performer in the Australian equities space by continuing to invest in quality companies with sustainable and growing businesses.

 

 

 

 

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Any information has been prepared for the purpose of providing general information only, without taking account of any particular investor's objectives., financial situation or needs, It is not an offer or invitation for subscription or purchase, or a recommendation of any financial product and it is not to be relied on by investors in making an investment decision. Past performance is not a reliable indicator of future performance. To the extent any general financial product advice is provided in this document, it is provided by Glennon Capital Pty Ltd ACN 137 219 866, AFSL No. 338 567. An investor, before acting on anything construed as advice, should consider the appropriateness of such construction and advice having regard to their objectives, financial situation or needs.

 

Phone: (02) 8027 1000

Email: info@glennon.com.au

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Royal Exchange

NSW, 1225

 

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