Acorn Capital Limited the mob selling down below 5% holding. Its a micro company portfolio manager. Well i did funds management for 13 years and if I produced returns this crowd crow about, I wouldn't have lasted long.
Their investment philosophy contradicts what they are doing here. Their investment approach is flawed. they believe in comparing apples with apples. Ok didn't you people see the EV comparisons with industry peers in the co's presentation. then they say they dont care too much for valuation techniques. Stop. Time to take no notice of them. You better do a sell job on that one to Warrent Buffett and a truck load of analysts out there.
My summation, If you blokes have a micro chip retail fund which is filled with crap, been going 10 years , for a miserable return of 2.82% p.a. and wait for it your fund size is $5m. pathetic.
Dont bang your heads on the door on the way out.
Flux
SRQ Price at posting:
0.9¢ Sentiment: ST Buy Disclosure: Held
