Ann: NTA & Portfolio Update - May 2024, page-35

funny how failure of portfolio manager's stock picking transferred to economy and based on below real data not some fake claims without evidence on NCC performance (total return with dividend) when interest rate were very encouraging for growth and lower (August 2016 - Dec 2019) without covid or high inflation.

Importantly, we had liberal in Australia so called conservative government but NCC performance wasn't any steller as other small cap like WMI or VSO ignore the VAS as it was there for fun !

I am eager to see why one should invest in such a lucrative high yield NCC?

I don't hold WMI neither have any better feeling about it but used just for comparison.

stock picking is everything and if you keep having same management then only miracle will help recover. my thought same for the LIC i hold and performing poorly, so it is not the time but management that are responsible for performance unless you get through period like covid but we long passed that so no point blaming economy or politician etc.




All data above from website and not verified for accuracy.