tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sandon Capital Reports October Portfolio Decline and Dividend Update

Story Highlights
  • Sandon Capital’s portfolio fell 3.9% in October, underperforming the market.
  • The company confirmed a 5.64 cents per share annualized dividend and criticized a media merger.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sandon Capital Reports October Portfolio Decline and Dividend Update

Meet Your ETF AI Analyst

Sandon Capital Investments Limited ( (AU:SNC) ) has issued an announcement.

Sandon Capital Investments Limited reported a 3.9% decline in its portfolio for October, contrasting with a 0.5% increase in the All Ordinaries Accumulation Index. The company highlighted incorrect reporting of its dividend yields and confirmed an annualized fully franked dividend of 5.64 cents per share. Significant portfolio activities included COG Financial Services’ acquisition of a larger stake in Fleet Network Pty Ltd and a $20 million capital raising. Additionally, Sandon Capital criticized the proposed merger of Southern Cross Media Group with Seven West Media, urging shareholders to vote against it. The company also received $2.2 million from its investment in Foundation Life, with further returns expected in 2026.

More about Sandon Capital Investments Limited

Sandon Capital Investments Limited is a company involved in investment management, focusing on generating returns through strategic investments and capital management. The company operates in the financial sector, offering investment products and services to its stakeholders.

Average Trading Volume: 110,264

Technical Sentiment Signal: Buy

See more data about SNC stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1