Whilst criticism is valid, recently I cannot fault much of the portfolio that GC1 holds. Personally I think MG has gone back to the style that made me invest here in the first place. I think it has taken a long time for him to get back yo investing without constantly watching the NTA and hsving to produce fully franked dividends. As regards the reference to Forager I personally sold out of their international fund as I could have bought USD and as the AUD fell I would have been better off. They were investing in Europe rather than USA. I don't see any need for change or angst here. MG just needs to keep growing this by acquiring good stocks with a safety margin. I am disinterested by the dilution. It ends in October and a lot won't be taken up- personal opinion. Nor am I interested or concerned by GW - the only thing that will bring about is an earlier realisation rather than a much more gradual growth in NTA. Essentially this hasn't been great but it is slowly redeeming itself. So I am getting happier each time I look at this stock.
GC1 Price at posting:
90.0¢ Sentiment: None Disclosure: Held
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