OBL 2.00% 98.0¢ omni bridgeway limited

Ann: Half Year Accounts, page-2

  1. 674 Posts.
    lightbulb Created with Sketch. 67
    The financial accounts are pretty damning.

    Profit attributable to OBL shareholders = negative $34m
    Profit attributable to Non controlling interests = $80m

    What does it matter if Fair Value of the portfolio is $2.5bn, if it follows history, most of that value will go to NCI, while shareholders get stuck paying for the bloated employee and management expenses.
 
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