No Sellers, page-6

@TheCapatilist, you would be aware of my “once bitten, twice shy” approach to IPO, but with this one I thought I’d take a chance. Firstly the CDO “approach” has been back tested (in real time) for approx 2? years with fairly outstanding results. Go to the CDM website and listen to the webcast from Karl and the other two which will explain the investment strategy with this fund rather than CDM. Basically it’s a “trading” and very “active fund, which was set up for that purpose. I guess there will be stocks that they will go long on, but it’s up to them how long “long” will be. The “float” was set at the midpoint of the pre and,post NTA which ended up at $2.77. As a result of is success, (unlisted), it also accrued a healthy Franking credit balance which is carried forward to new SH. I figured and hoped that Karl has learnt from the Melb IT saga, and by a number of acknowledgements, I think he probably has. CDM now sticks to larger capitalisation stocks which are more easily “saleable”. I am unsure (without going back to he podcast) if they will still scale in and scale out of the holdings in CDO. I viewed it a “share traders” LIC with (hopefully) little of the risk. The results have been fairly spectacular, admittedly over one of the best period for share returns for years. Let’s hope that they can replicate that ! PS. Have a look at the number of SMSFs on the top 20 holders list. Cheers. PJ.