About CBG Capital (ASX Code: CBC)
CBG Capital provides an opportunity to invest in a portfolio of Australian listed shares in companies both within and outside the S&P/ASX200, managed by Ronni Chalmers and the team at CBG Asset Management.
Offer of shares in CBG Capital ASX-listed investment companyParadigm Securities is focussed on the Resources Sector and whilst the sector has been very difficult for some years Paradigm still considers that an upturn is not too far away. This focus has meant that Paradigm does not usually give advice on general stocks outside the Resources Sector. Paradigm is however, pleased to be able to recommend participation in a new listed investment company that holds a balanced Australian equity portfolio. It is seeking up to A$50m in an Initial Public Offering in a proposed ASX listing. CBG Capital is run by former BT Australia investment manager Ronni Chalmers who set up his own boutique funds management company, CBG Asset Management, in 2001. The company’s two funds have consistently outperformed the ASX 200 accumulation index since inception. In the latest Mercer survey the CBG Australian Equity Fund was the fifth best performing fund out of 95 fund managers. CBG Asset Management was awarded the Sky News Business Golden Calf Award in 2013 for the Best Boutique Australian Equities Manager. CBG Capital is seeking to issue up to 50 million shares at A$1.00 each and will have a 1:1 separately listed attaching A$1.00 two year (Sept 2016) option. The minimum of 16m shares has already been achieved. The fund can have up to 25% outside the ASX 200 and so has been able to select smaller growth stocks that can give additional portfolio performance. The listed fund should replicate the stocks in CBG’s existing funds and should achieve an attractive fully franked dividend yield of 4-5%. The fund offers a stable long term (5-7 years) horizon for capital growth and income within the Australian Share market. The issue closes on 20 November. Attached are links to three documents:-
- Description of CBG Capital and its proposed ASX listing fund
- The CBG Capital Ltd LIC fund prospectus
- An application form to complete and send back to me at Paradigm Securities (firstname.lastname@example.org)