I have been here a long time, but have reduced my holdings to 20% of peak as while the management has pedigree, there has been continual contrary flow of news - I don't really have a problem with anything they have done per se, but so many times they have made announcements and then not kept their own promises - why not just avoid promising and just deliver?
With spec shares quality and appearance of management is a huge component that I weight in my decision making process. and what with many multiple errors in announcements and regular over promising and under delivering I have lost some confidence.
Anyway, all redeployments of funds have been highly successful (just having a lucky run, everyone needs one now and then) so I shouldn't really complain, but I had really high hopes for these guys.
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