On behalf of my fellow Directors, I'm pleased to introduce Glennon Small Companies Limited's website (ASX:GC1) and encourage shareholders and the wider investment community to learn more about our business, our strategy and performance.
Glennon Small Companies Limited
The objective of GC1 is to provide investors with exposure to a portfolio of smaller companies and to do this through a dedicated specialist small companies investment manager. GC1 will offer investors a diversified portfolio of smaller companies that are different to portfolios constructed from S&P/ASX 100 companies. GC1 combines the Manager's distinctively high-conviction investment approach, with specialist knowledge and an extensive small companies network.
GC1 Investment Strategy
Concentrated portfolio targeting between 20 and 60 securities
Undervalued ASX listed companies outside the S&P/ASX top 100
Active, long only, no shorting, no leverage
Semi-annual dividends (fully franked)
Long term investment focus.
Gross Performance as at 31 May 2020
1 Month 3 Months 6 Months 1 Year 2 Years 3 Years Since inception
Small Companies Ltd
-3.47% 9.58% -18.96% -18.29% -16.66% -3.25% 2.60%
Percentages beyond one year are p.a.
Investment performance is before expenses, fees and taxes.
Past performance is not necessarily indicative of future performance.
Cumulative dividends paid to members (per share) for previous reporting periods were as follows:
Benefits of Participating in the Dividend Reinvestment Plan (DRP)
- Free brokerage - shares acquired under the DRP will not incur any brokerage costs
- 3% discount - DRP shares are discounted for participants
- Compounding your investment for maximum gain - material growth profile over time
Should you wish to participate in the DRP, please click here to access your personal portal at our registry, Boardroom where you may change your dividend instructions easily. Alternatively, you may download this form and return it to Boardroom by the last DRP election date (see timetable above).
Monthly Investment Report & NTA
NTA calculation: Please note that the NTA calculation in the report includes a provision for the dividend payment.
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Chief Investment Officer
Mr Michael Glennon founded Glennon Capital in 2008 to offer investors the opportunity to co-invest along with the principals of the firm for long-term capital appreciation and income. Michael is an awarded Equities Investment Analyst with over ten years of experience. Known and respected for managing investments for high profile institutional, corporate and private Investors within Australia. Michael holds a Bachelor of Commerce degree from the University of Western Sydney.
Non-executive Director (Independent)
Mr John Larsen has over 30 years experience in senior management roles in funds management and broking companies. More recently John has managed a number of private portfolios and a number of individually managed accounts. John has held senior management roles at Huntley Investment Company Limited, a listed investment company, ING (then Mercantile Mutual), Deutsche Bank and Natwest Securities (now part of Citigroup).
Non-executive Director (Independent)
Mr Sulieman Ravell has over 20 years experience in the financial services industry. Sulieman is also a representative director and the responsible manager of NW Advice Pty Ltd and Wealth Focus Pty Ltd. He is responsible for providing advice to clients, principally focussed on strategy and asset allocation.
Sulieman holds the Advanced Financial Planning Certificate (UK), a degree in Chemical Engineering and the Advanced Diploma in Financial Planning Australia.
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