Recent Investor Presentation, page-5

Nta has been climbing lately without much of an uptick in the share price. In general, reporting season has been pretty good for most of the companies forager own. The big drag on performance has been Thorn. I can’t see them getting a return on investment for this one but if they can get two thirds of their money back I think that would be a decent result.
The international continues to underperform considering so much of the investment thesis all those years back was that the Aussie dollar was overvalued. This is finally playing out but the fund just plods along not doing much.

I think this could be a decent year for the asx fund and we continue to hold in both.