• Rear Window

Contango Microcap showdown as ex-directors cry foul

The twisting story of Contango Microcap has taken on yet another strange turn, with directors ousted by shareholders at an EGM earlier this year urging the same shareholders to vote against the latest reconstitution of the listed fund, which they argue is more geared to reward the current investment manager than unit-holders.

• Updated Nov 20, 2017
• Myriam Robin

• Managed funds

Australia's listed investment company boom comes with risk and rewards

As billions of dollars of options lie waiting, not all listed investment company investors will share the spoils equally.

• Updated Dec 4, 2016
• Vesna Poljak

Financial services briefs

Contango Microcap reported a net loss of $22 million for the first half, swinging from a net profit of $50.6 million in the previous corresponding period.

• Jan 25, 2012

Briefs

Cockatoo administration...

• Jan 21, 2010
• Nabila Ahmed, Paul Garvey, Khia Mercer, Carrie LaFrenz, Staff reporter

Contango MicroCap (CTN)

Contango MicroCap listed on the ASX in March 2004

• Jun 17, 2009
• Trevor Hoey

Searching for value at the bottom end

The marked scale-back in small caps valuations as a result of the market turmoil could prompt investors to search for value in the minnow end of the market. But market watchers warn that using a valuation measure such as a stock's discount to its net asset value can be misleading when searching for good stock picks.

• Oct 20, 2008
• Brendon Lau

Contango MicroCap (CTN)

The listed investment company holds a portfolio of microcap stocks with market capitalisation of between $10 million and $250 million. The size of its total portfolio has declined from $243.6 million at the start of 2008 to $201 million at the end of June, as the sharemarket tumbled. But in recent months, the fund manager has reduced its cash holdings to bolster its exposure to listed equities. The company's share price has declined significantly from the peak of $2.29 per share in July last year. The stock is also now trading at well below the pre-tax net tangible asset value of $1.706 per share as at June 30, which was down 5.2 per cent for that month.

• Jul 11, 2008
• Nina Wan

• Market Wrap

Contango puts more into shares

Contango MicroCap, a listed investment company backed by Kerry Packer, said it would move towards full investment in equities and was still "optimistic regarding the outlook of equity valuation in the medium term".

• Aug 4, 2004
• James Eyers