FPC fat prophets global contrarian fund ltd

Ann: Net Tangible Asset Backing - May 2018, page-3

  1. 784 Posts.
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    Leveraged and heavily exposed to Macau gambling stocks which are doing terrible at the moment.
    I think NTA might be sub 1.10 by now but still a big discount and more to do with sentiment around the portfolio than anything. Will turn when Macau turns.

    I like to newsletter as Angus has the opposite politics to me although I was going to cancel. I told them I though the best ideas were encapsulated in the LIC but then they gave me a big discount and access to all the other newsletters so I subscribed again.
 
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