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An announcement from Ryder Capital Ltd. ( (AU:RYD) ) is now available.
Ryder Capital Limited reported a significant increase in its pre-tax Net Tangible Assets (NTA) by 12.71% in August, driven by strong performances from core holdings such as Macmahon Holdings and Lumos Diagnostics. The company’s strategic moves, including the acquisition of Indue by Cuscal, have bolstered its portfolio, while risk reduction and cash position improvements were also noted. This performance underscores Ryder Capital’s effective investment strategy and its positive impact on stakeholders.
More about Ryder Capital Ltd.
Ryder Capital Limited is a Sydney-based boutique fund manager specializing in small-cap Australian equities. The company, listed in September 2015, follows a high-conviction, value-driven investment strategy with a focus on medium to long-term capital growth. Ryder Capital aims to exceed the RBA Cash rate plus 4.25% annually by maintaining a concentrated portfolio and generating strong absolute returns.
Average Trading Volume: 79,083
Technical Sentiment Signal: Buy
For detailed information about RYD stock, go to TipRanks’ Stock Analysis page.