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96.0¢ absolute equity performance fund limited

Ann: Monthly NTA and Performance Update, page-7

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eerrtt

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09/11/16

13:37

Post #: 20479976
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Originally posted by reactor10 ↑

I bought more today, if you look at their track record they will rarely continue this underperformance. Same A+ management team, with exemplary track record. Retail investor mindset is to jump ship now into a fund outperforming with limited track record.

Most recent example of recent retail mindset; selling BHP at $15.00 thinking the world is going to end... um is BHP or RIO going to get "disrupted"... no, is the world going to end... most likely not... It's nearly impossible for a given sector or asset class to out perform over and over, recent example has been the healthcare sector, ouch... There would be a significant amount of investors out there who sold out of resources at the bottom and bought healthcare at the top, same investor mindset who are rubbishing a A+ management team after short term underperformance.

The point is, management teams earn a premium regardless of short term performance for a reason. If AEG is still underperforming after year 2 or 3 i'll concede they should be trading at a discount. Markets and stocks can't/won't go up in a linear fashion

My thoughts exactly!!! well said.

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AEG Price at posting: $1.03 Sentiment: Buy Disclosure: Held
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