Santa's reindeer too optimistic - been indulging too much Xmas spirit and goodwill
Must round out over the TWO months to a slippage of OVER 10% for shareholders in their underlying NTA compared to market XSO. Not a great advert for followers of Buffett, Templeton et al that NAOS so liberally sprinkled through its presentations
And a lot worse even than GB's 1% per month underperformance record for 15 months. So they need some really great +Ve picks very soon ?
And will the NCS Board actually have a view for shareholders on this result ? compared to their expectation from the "substantial due diligence" on NAOS that the Chairman repeatedly referred to at the AGM
DYOR
Ann: Investment Report & NTA Update - November 2017, page-3
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