I will answer my own question, shall I, then ?. [rolleyes]
Future Fund was granted custodianship of our Telstra shares in February of 2007. The average price per share for that month was $4.26.
Future Fund has, since its inception in 2006, lost a lot of Australian citizens' money. Well short of the profit target, set in legislation, of 4.5% above the CPi per annum.
We only need to read the quarterly reports to see this
Portfolio Updates
Granted, though, there was a stock market crash during this time, profit result over the last half year have improved.
Future Fund will cost this nation dearly.
I just pity the future treasurer in 2020 that will have to announce to the Australian people that Future Fund has lost all their money, some B$65.
ff down to 8.8%, page-18
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Last
$3.89 |
Change
0.040(1.04%) |
Mkt cap ! $44.94B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.89 | $3.86 | $49.43M | 12.74M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25565 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 580982 | 45 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| TLS (ASX) Chart |