Corporate News
Ophir High Conviction Fund (ticker: OPH.AX) experienced a decline of 1.32 % during a 24‑hour period that concluded at 11:19 PM Central Europe on Tuesday, 20 October 2026. The share price at the close was approximately AUD 2.25 on major exchanges.
Market Overview
| Item | Value |
|---|---|
| Current supply | 225.5 million shares |
| Market capitalisation | AUD 507.4 million |
| Volume traded in last 24 h | AUD 513.4 k |
| Month‑end performance | –3.85 % |
| 200‑day simple moving average | AUD 2.66 |
| 52‑week high | AUD 3.54 (11 April 2025) |
| 52‑week low | AUD 2.23 (19 October 2026) |
The fund’s share price is trading at a discount to its net tangible asset value for the month, in line with recent performance updates.
September 2026 Performance Update
- The fund’s net asset value declined slightly during September 2026 but remained above its benchmark.
- Australian equity indices fell during the month; growth stocks underperformed value stocks.
- Codan contributed positively to the fund’s performance, driven by a strong earnings outlook.
- Develop Global weighed on returns due to market volatility and guidance concerns.
Management reaffirmed a disciplined, bottom‑up investment strategy that focuses on small‑ and mid‑cap Australian companies outside the S&P/ASX 50. The use of a buy‑back facility to support unit value continues where appropriate.
A weekly net asset value estimate for 16 October 2026 was released, reflecting the fund’s ongoing monitoring of its market position.