l hear you grabeach.
The dilution of the NTA exit price as a result of forfeiting tax benefits was certainly hard to handle, on top of the rest of the underperformance issues at WMK.
l have retained my holding in the unlisted entity which was up 2% in July.
lf it can retain its value, and shorts actually work, as they were expected to, l am happy to hold.
WMK owes me another 6% to break even.
ALF owes me a lot more than that, so anything less than crystalising around current NTA will be a pain.
All round, the group's haphazard strategy and stock selection have been underwhelming.
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Ann: Intra-Month Performance Update - August 2019, page-23
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