Agree with all the sentiments above. Literally, a shocking piece of news. A world class and expert fund manager in the Asian area “resigns” after 5-6 years with no adequate explantation provided. Mary’s knowledge of the Asian markets was unparalleled and although her understudy had been with her for approx 4 years, her knowledge and experience will be sorely missed. It remains to be see how the performance of EAI will be affected or if this departure will lead to the winding up or de-LIC-ing of EAI. I have never worried about the discount to NTA, as long as Mary was at the helm. Now that she isn’t, it changes many things, most importantly the confidence in EAI and it’s management and future investors preparedness to buy into EAI. It was a great exposure to the Asian sector of the market without having to go into a managed fund. The “resignation” certainly was “hidden away” in the text and IMHO certainly deserved to be market sensitive. A kick in the guts !
- Forums
- ASX - By Stock
- Ann: Shareholder update
Agree with all the sentiments above. Literally, a shocking piece...
Add EAI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online