Investor conference call for Contango Income Generator (ASX:CIE) with Shawn Burns, Senior Portfolio Manager, and Marty Switzer, Director of CIE and CEO of Associate Global Partners.
The slides discussed in this presentation can be downloaded here.
01:19 – With a rapid 20% drop in the market, we’ve entered a Bear market after a 12-year Bull market; have you been surprised at how fast this has taken place?
02:20 – State of the market and how both passive and active products have all been affected
02:50 – How long will this volatility and Bear market last?
04:42 – Current market landscape including the effect of the Coronavirus
06:55 – What does this environment mean for global and local markets?
08:06 – Do you think Government stimulus will be enough?
11:55 – Audience question: Are the companies selected for CIE’s portfolio (underlying investments) likely to reduce their dividend payouts as a consequence of the volatility and associated downturn?
14:18 – Audience question: Do you have a graph of CIE’s comparison against its peers?
16:17 – Audience question: Why not sell everything, move to cash to limit losses and move back at a later date?
18:22 – Audience question: Can you advise how much the dividend will be affected?
19:35 – Discussion on the severe market pullback on the S&P/ ASX 200
20:28 – Discussion on the credit markets and what this means for the equity market
22:47 – Discussion on the Volatility Index
23:41 – How the CIE portfolio is positioned to weather these current market conditions
26:25 – Audience question: In light of the sell off, what is your approach to getting back into the market and where do you see opportunity at the moment?
27:53 – Audience question: Will you reduce your management fee?
28:14 – Outlook for the position of the CIE portfolio
29:07 – Audience question: How much cash do you hold in the portfolio?
29:42 – How do CIE’s profit reserves stand in respect of future dividend payments to shareholders?
30:14 – Closing remarks
WCM Global Long Short Limited | Proposed restructure to address share price discount to net tangible assets