Fund Mgr notes, page-38

Some basic questions I ask myself on why certain funds are pumping out the negative comments whilst others sit back and accumulate.

Are fund managers pumping up negativity on a2m increasing marketing costs during 1920FY? Yes

Has any fund manager highlighted or provided forward revenue outlook given the increase in marketing spend? No

Are fund managers worried that a majority of their holdings will be decreasing divideds in the coming years? Yes

Imo fund managers see the writing on the wall for a lot of companies, which basically cannot justify its value in an ever slowing domestic and global economy. Its just how they shift money from one investment to another and how quickly they can which determines all the short noise.

LTH know that the only noise this is making is a screaming buy.

GLTAH and DYOR