Couldnt agree more. I see Geoff spent "many" millions buying 3 beachfront properties on the Sunshine Coast. Maybe his interests aren't as focused on "equities" or "the business" as they perhaps were ? I thoroughly agree about the lack of transparency in the monthly reports......what is missing is more relevant than what is published. What is really missing is the performance for SH, and I agree, the narrative that "fills in" the SH about what went right and what didn't is absent. Geoff spent a lot of time building and building up the reputation of LICs, but through a combination of poor performance, even poorer share price and a complete lack of monthly information, he's in danger of driving punters to either go to managed funds or try their luck directly on market. I can appreciate that certain areas of the market can influence returns on certain funds, but when the market is booming, and WLE is in the pits, somethings wrong !
WAM Price at posting:
$1.50 Sentiment: None Disclosure: Held
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