I agree with you Puska. NGI is not travelling well at the...

I agree with you Puska. NGI is not travelling well at the moment, but there is no company on the ASX let alone in the investment fund industry that is doing particularly well. NGI does not have huge liabilities like a lot of companies do right now and is in a stronger financial position than most. Yes, they have had a tough quarter but there still has been a huge overreaction from a market that is purely run on sentiment.

Flight centre was in the green on its first day back on the market after a forced trading halt. Current share prices are not an indication of a companies performance with NGI being a good example of a company that is well undervalued at the moment. I definitely can’t predict the swings of opinions, but I am confident that a company like NGI will come out of this and bounce back a lot quicker than expected once share prices start to accurately reflect the performance of companies.