Pinned straw:
Outflow: 2.0 Billion ....Not 2 shillings ha ha ..Not feeling the love here.
Return (inc div) 1yr: -31.02% 3yr: -45.53% pa 5yr: -18.94% pa
Board:
Andrew Formica
Chairman and Non-Executive Director
Andrew Formica was appointed as a Non-Executive Director on 26 July 2023. Andrew was appointed Chairman on 18 August 2023.
Didn't Chris McKay (one of the co-founders) dump a whole heap of shares a few days prior? Amazing timing!
Is it reasonable to bleed 5% of your FUM in a single
month and not provide a single
comment from management ??
Such a disappointment.
Hamish Douglas is still quoted many times in how he did valuations in classes, lectures... so still has respect in some circles.
I think the overall environment for funds management will become challenging with high interest rates for longer
Even the performers like NWL and AEF are having share prices slammed recently.
Better to earn the risk free rate rather than punt on these fund management right now.