I think they have had a shocking run in the past quarter. I am not sure what did it. Certainly AXL played a large part as by my calculations from the financial statements to write that off has cost us around 5c per share. EHL has cost us around 5c per share as well. that's 10c but we have gone down 27c if you exclude the 3 c dividend.Â
Its very disappointing. It must also be the same for MG as he has a lot of skin in the game as well.
Having some doubts about targeted Lic's - I think I want a base of returns and then a leaning towards a theme especially given that every so often things would not be the right place to invest.
I will stick in here and see if I can gain understanding from management.
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