Middle of large year it was closer to a 20% discount.. They managed lose 24% of the fund in December which is almost unheard of! and pretty much the worst of any small cap manager I am aware of for the month ( -20% odd without AXL)
A month after that and you are only getting 11% discount. Relatively speaking not very attractive at all currently given what it was.
Putting out an update of +6% is all good but the market is up around the same amount for the month.
GC1 Price at posting:
89.0¢ Sentiment: None Disclosure: Not Held
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