Ryder Capital Ltd. ( (AU:RYD) ) just unveiled an update.
Ryder Capital Limited reported a notable increase in its pre-tax Net Tangible Assets (NTA) by 7.15 cents or 4.84% for April, closing at $1.5492. This performance, driven by gains in key holdings such as BCI Minerals and Fleetwood, positions Ryder as the best-performing Australian Equities LIC over the past year with a 12-month pre-tax return of 24.94%. The approval for BCI Minerals’ Mardie Salt Project is expected to significantly impact its share price and operational revenues by late 2026. Ryder also adjusted its portfolio by increasing gold exposure and investing in The Reject Shop, while actively repurchasing shares, which increased cash reserves to $22.04 million.
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, employs 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, emphasizing strong absolute returns and minimizing investment mistakes.
Average Trading Volume: 25,570
Technical Sentiment Signal: Strong Buy
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