What Ouch? It's gone up in the first quarter. The IPO was at $1.00 it was much higher but I suspect that had a lot to do with some stocks that didn't hold up in the last quarter of 2018. Plus they had a large position in Axesstoday ( AXL) which has caught a lot out. Given what has been reported about AXL it seems that was a management failure or so it seems from the reports. AXL made up 4.5% of the portfolio at 30 June 2018. You get these events. I seem to remember that there have been a few in a number of funds over the past 18 months.
As an investor I am disappointed but I will give GC1 a chance over the next year.
So your analysis "sell" and "ouch" and "not held" - Really expected far more analysis is required to make that sort of comment.
What Ouch? It's gone up in the first quarter. The IPO was at...
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