Sandon Capital Investments Limited (ASX:SNC)

Sandon Capital Investments Limited is a listed investment company (ASX:SNC) which can be purchased on market by investors resident in Australia and New Zealand.

 

Monthly Report 
2021 Annual Report 
Prospectus 

FUND SNAPSHOT

ASX Code

SNC

Share Price

Inception Date

December 2013

Funds Under Management

$170M

Performance Since Inception

12.9%* p.a.

As at 30 September 2021

Fully Franked Dividend

5.4%* p.a.

As at 30 September 2021

*The return figure is gross portfolio return, which is after investment management fees, but before performance fees and corporate expenses. Dividends assume annual dividend rate of 5.5 cents per share and a share price of $1.01.

OBJECTIVE

The fund aims to deliver Australian and New Zealand investors the following:

An activist investment strategy applied to undervalued companies, that few investors have the capacity to implement themselves.

Positive absolute returns over the medium to long term (three to five years).

An income stream of regular, fully-franked dividends.

ABOUT THE FUND

Listed in December 2013, Sandon Capital Investments Limited primarily invests in ASX-listed companies with the ability to invest in international companies opportunistically (up to 15%).

The focus is on investing in small to medium-sized companies and a concentrated number of them, typically around 20 to 25 companies.

An active engagement strategy is hands on and a concentrated portfolio allows us to take strategic positions and pursue them with the related Boards to achieve outsized returns.

A proportion of the fund will be held in cash in readiness for a new value investment opportunity, or if considered a better alternative to being invested at that point.

Independent Reviews

Independent Investment Research (Australia) ascribes a “Recommended” rating to SNC:

“SNC is a genuinely differentiated product and one that provides genuine diversification benefits.”

Lonsec Research Pty Ltd ascribes an “Investment Grade” rating to SNC:

“Well-articulated and differentiated investment philosophy supported by a detailed and repeatable investment process that satisfies both value and activist opportunity criteria.”

Learn more about the Investment Grade rating (issued 15 October 2021).

Risk Return Metrics Pty Ltd ranks SNC in the top quartile of its peers:

“Being an effective activist manager is a rare skill, requiring a certain combination of skills and PM Gabriel Radzyminski has those skills.”

Read the monthly report here.

Bell Potter Securities Limited provides regular coverage of SNC in its weekly and monthly LIC reports:

Read the latest quarterly report.

INVESTOR CENTRE

Board of Directors
Gabriel Radzyminski
Chairman

Gabriel is the Founder of Sandon Capital Pty Ltd and Investment Manager of Sandon Capital Investments Ltd. He has been involved in the financial services sector for more than 24 years.

Gabriel is a Non-Executive Director of Future Generation Investment Company Limited (ASX:FGX) and ReverseCorp Ltd (ASX:REF).

Peter Velez
Independent Non-Executive Director

Peter Velez is a corporate lawyer specialising in equity capital markets, mergers and acquisitions and funds management. Peter has also advised extensively on activist corporate activity, ASX compliance and corporate governance. Peter has been a practising lawyer since 1989 having worked at then national firm Freehill Hollingdale and Page, and Sydney boutique corporate firm Watson Mangioni from 1995 to 2016. He played a key role in the development of externally-managed listed investment companies having been involved in the IPO of over 25 LICs since 1999.

Peter brings to the board an understanding of the legal framework within which the company operates, an appreciation of the challenges faced by an activist style of investing and an appreciation of the key part that sound corporate governance plays in the success of a company.

Melinda Snowden
Independent Non-Executive Director

Melinda Snowden is a professional company director and experienced audit and risk committee member across a range of sectors. Melinda brings to the board a deep understanding of investment markets, governance disciplines and strategic insight. Melinda’s other current directorships include Mercer Investments (Australia) Limited, WAM Leaders Limited, Kennards Self Storage Pty Ltd and Newington College. She is a former director of MLC limited, the wealth management division of NAB, Vita Group Limited and SANE Australia.

Prior to leaving her executive career in 2010, Melinda was a corporate advisor for over 15 years with firms Grant Samuel, Merrill Lynch and Goldman Sachs in Australia and New York.

Reporting
Monthly Reports
Corporate Governance
Shareholder Presentations
ASX Announcements

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