I contacted Monash to complain about their performance and fee gouging, suggest winding up etc.
They replied:
We too are disappointed with the share price performance since listing, which is worse than the performance of the underlying portfolio.
The current discount is 16-20% to NTA and we are reviewing strategies to close that gap.
There are shareholders who have bought in the last year who do not want to see the Company wound up.
While at 31 December 2017 a performance fee had accrued, it was not paid. They are only payable at the end of a financial year, depending on the performance over the whole of the financial year, so we have not taken any performance fees at this stage.
Rest assured narrowing the gap and delivering on our return targets is our number 1 priority.
MA1 Price at posting:
81.5¢ Sentiment: Hold Disclosure: Held
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