Ann: Daily share buy-back notice - Appendix 3E, page-12

@joewolf... CVF had a change within its management team and “retired” one of its members. Since then, the performance has been fairly unspectacular and they are holding approx 70% cash. He was the one that got CVF into APT in the early days and they at one stage had so much APT that it would have been close to 40% of the portfolio. I think they thought he was too hung ho ! They are inte4esting in that they may see an opportunity with an Ozzie theme park operator, and also a US Based food delivery service. Reading their end of month reports is like a lucky dip. One never knows what one has until you unwrap the end of month report. I thi k they also have shorts. With approx 70% in cash, one will not be short of a divvy in the foreseeable future, even if it is coming out of capital.