Our friends at Totus Capital have released their April...

Our friends at Totus Capital have released their April Performance Report. Their short position in LNG is still causing pain ("gas burns")..

"...Top contributors in April were our long positions in Smartgroup +1.23% (Scarce
Growth) and Altium +0.67% (Online)....Biggest detractors were our short position in LNG -2.10% (Promoter)..."

Here's their track record, which indicates that their "thesis" about LNG being a "Promoter" is proving wrong:
June 2014: LNG -1.10%
Nov 2014: LNG +0.83%
Dec 2014: LNG  +1.42%
Jan 2014: LNG -1.23%
Feb 2015: LNG  -0.58%
April 2015: LNG -2.10%

"The most incredible value creation I’ve ever seen. I just want to know how they do it.” Ben McGarry on LNG (Margin Call, April 2015)

"Shorting something you admit to not understanding? That's the most senseless value erosion I’ve ever seen. I just want to know why they do it.” Hammerhead on Totus Capital (Hotcopper, May 2015)