Ann: Commencement of Trading - GroupM Marketplace, page-17

Looked into Jencay Capital and read it:

• ~ averages >20% return p.a since inception 10 years ago which includes 5 market downturns/corrections of over 15%
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• ~ first invested in Adslot in 2015 and wrote about Adslot to their investors by June 2016.
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• ~ has an average holding period of 4-5 years but also an investment turnover of around 20% per year (1 in 5) confirming its willingness to exit investments that are underperforming or that lost the value propostion
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• ~ increased its Adslot holding in FY21 (ASX notice around May)

So not just the personal/individual investors in Adslot that are being patient...