Ann: Indicative NAV COB 12/04/2021, page-15

I am underwater on this investment having paid a bit over $2 a share and when they were trading at a premium. I think Forager buying the low quality stocks has hurt us badly the likes of thorn an Freedom insurance, there may be a place in the portfolio for those cigar butt shares but in a smaller portfolio weighting. I think Forager will be more Carefull in future and also trading at a 15% discount I intend to reinvest any dividends. Also i look at there overall approach to investing and have confidence things will get better.

Also if your looking for an investment consider there international fund ( which i invest in) thats unlisted and has a great 5 year record, ideally i would like it if the Australian fund could buy the better quality companies like the international fund has but sadly the Australian market is more expensive and they have being looking at low quality end while overseas there able to buy high quality companies