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16:18
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Originally posted by joewolf
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Hi DC1 - The reality is that in most placements there are short term profits to be made - Like all things in life there is the one that may not work. I think the placements to stags went early and probably at a profit or at least break even. Its a change of direction I see in this one. Often the fund may have expectations that are greater than the company can deliver - That is why I sometimes have invested in smaller funds because they don't limit themselves and can have longer term plays in their bag of tricks. Yes they definitely sold at a loss as I understand it but I think they expected a lot more fireworks from the the company (PGC) there were a lot of companies they were looking at or certainly more than they acquired at the end of last year they said that they were looking at two I think. They only acquired one I believe - Now They are saying they are advanced on one and others in the pipeline. I just think it takes longer in specialised areas than it does elsewhere.
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Good summary JW. I totally agree. Have been in on this a while, and that's what has happened I believe from what I know.
