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Sandon Capital Investments Limited (ASX:SNC)

ALERT: Price-sensitive ASX Announcement for SNC
Current share price for SNC : $0.730 0.01 (1.39%)+
Announcement
Release
26 Aug 2026 12:38PM
Price at Release
$0.720
Full Release
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Summary
Sandon Capital Investments Limited (SNC) reported a disappointing performance for its portfolio in fiscal year 2026, with a gross return of -14.6% before fees, expenses, and taxes, mainly due to unrealised mark-to-market losses. Despite this, SNC continued to pay fully franked dividends, supported by substantial profit reserves and franking credits, maintaining a dividend capacity of 3.6 years at the current payout rate. The company's shares offer a fully franked yield of 8.1%, which increases to 10.7% when including franking credits, and are trading at a 5.9% discount to pre-tax NTA. The start of FY27 showed improvement, with a reported gross portfolio return of 3.5% for July 2026. The investment approach, focusing on patience and a permanent capital base, remains a cornerstone of SNC's strategy.
Key Points
  • SNC's portfolio had a gross return of -14.6% for FY26.
  • Continued payment of fully franked dividends supported by profit reserves.
  • FY27 started with a positive gross portfolio return of 3.5% in July 2026.
  • Shares offer an 8.1% fully franked yield or 10.7% including franking credits.
  • SNC shares trading at a 5.9% discount to pre-tax NTA.
  • Investment strategy focuses on patience and a permanent capital base.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.