SNC 0.00% 72.0¢ sandon capital investments limited

Ann: Net Tangible Assets as at 31 May 2023, page-5

  1. 49 Posts.
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    I've held SNC for a long time - since just after the listing. One nagging source of concern is that their performance benchmark is apparently the 1 month cash rate - the manager gets 20% above that. Luckily there is a high water mark but for an activist small cap manager, the benchmark is wrong and our (shareholders) capital was unjustifiably eroded during SNCs sunnier days.
 
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