WMK 0.00% 85.5¢ watermark market neutral fund limited

Something has to give here shortly. I bought this as a value...

  1. 98 Posts.
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    Something has to give here shortly. I bought this as a value play/defensive investment with an ave price of 82.5c. At the moment I'm break even due to dividends but the performance has been dreadful. Surely a bigger LIC could be circling for a takeover? Or at least a change in strategy. At the moment  they would be better off just sticking the whole lot in a government bond. 
 
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Currently unlisted public company.

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