Hi cutty I held PMC for nearly 11 years and sold my 85,000 shares after the september dividend in 2020. I still follow PMC but ill never invest with them again. They were a very good investment company back in the day but their investment strategy has been broken (my view) for a longwhile. The final straw for me was reading their Annual report one year (forget which year) and they were talking about investment themes, future trends and so on. So on the Annual report that year they were talking about the big investment returns that people should see coming from autonomous cars, AI , robotics, etc ...... and guess which company PMC was shorting at the time of this big write up................ TESLA!!!!!! So they were pumping up the autonomous driving future etc etc at the same time they were SHORTING the most intuitive company in this area. TELSA share price was booming at this time also . So that was it for me with PMC Surely they can find a company to invest in around the world that would deliver better returns than shorting TESLA. They seem to buy in and out of the same companies every year also Kerr Nelson is sorely missed Good luck with your investments Cheers
PMC Price at posting:
$1.19 Sentiment: None Disclosure: Not Held
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