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NEWS

adminofoc, September 2016 - News
Mineral Resources (ASX:MIN) again surprised the market on the upside reporting FY16 EBITDA of $286.1m, at the top end of the recent guidance range. It was a high quality result characterised by strong cash conversion and the company now has net cash of $188m and several meaningful growth options. Management provided earnings guidance of $360-$400m…
adminofoc, September 2016 - News
Webjet (ASX:WEB) announced a result that exceeded market expectations driven by an outstanding performance from the B2C division where TTV margin accelerated by 0.6% in the second half as a result of strong operational leverage brought about by continued market share gains. But the result itself was somewhat overshadowed by a £21m deal signed in…
adminofoc, September 2016 - News
OC Funds Management's flagship portfolio, the OC Premium Small Companies Fund, has been added to the MLC Wrap and Navigator platforms. "This is another key win for OC. The team continues to gain traction among the retail market thanks to their solid long-term performance and the work of Copia's distribution team," said Sam Baillieu, Chief…
adminofoc, September 2016 - Fund Updates
The month of August was dominated by stock-specific news which came as the vast majority of ASX-listed stocks released their annual results and accompanying outlook statements. Volatility for the month was quite low, likely driven by an absence of material macro news other than the RBA's decision to cut the cash rate by 25 basis…
adminofoc, August 2016 - News
Developer of broadband products for global telecommunication networks, NetComm Wireless (ASX:NTC), recovered nicely during July after being beaten up in June due to uncertainty regarding the federal election outcome. NTC is well placed to win material hardware supply contracts for the federal government’s NBN roll-out but the election was a major source of uncertainty for investors…
adminofoc, August 2016 - News
Athlete analytics business, Catapult Group (ASX:CAT), was added to OC's flagship portfolio during the month when CAT raised $100m to acquire two businesses: a) XOS Technologies, a US-based market leader in providing innovative digital and video analytic software solutions to elite sports teams, and b) PLAYERTEK, an Ireland-based leading developer of wearable analytics software solutions for the “prosumer” market. Catapult itself…
adminofoc, August 2016 - News
The Citadel Group (ASX:CGL) re-rated after providing a positive operational update which included new contract wins with law enforcement agencies and a sensible, earnings accretive acquisition. The acquired company, Kapish, is an Australian software and services company specialising in document and records management solutions, a complementary adjacency to CGL’s existing core knowledge management offering. Although…
adminofoc, August 2016 - Fund Updates
It was a strong month on an absolute basis for flagship fund, OC Premium Small Companies, which finished July up 6.5%. This performance was not enough, however, to keep up with the S&P/ASX Small Ordinaries Accumulation and S&P/ASX Small Industrials Accumulation Indices. Portfolio remains well positioned despite recent events Lowered interest rates, Brexit and the…
adminofoc, July 2016 - News
Distribution information for the OC funds for 30 June is now available. Totals are displayed as cents per unit (cpu). OC Premium Small Companies Fund Distribution per unit 1.3018 cpu Reinvestment price $2.7342 OC Dynamic Equity Fund Distribution per unit 8.0496 cpu Reinvestment price $3.3645 OC Concentrated Equity Fund Distribution per unit 4.6874 cpu Reinvestment…
adminofoc, July 2016 - News
Webjet (ASX:WEB) continued its strong share price performance over the past year to finish the June quarter higher still. In May, WEB announced an operational update that confirmed strong performance from both its digital retail (B2C) and digital wholesale (B2B) divisions. It followed up a fortnight later by announcing the complementary acquisition of Online Republic,…