Ann: Net Tangible Asset Backing, page-4

-7.7% for last 3 months. Only 4% for FYTD. Paying 6% is pointless if Nta is Going backwards.
I got in at between 90 and 94 cents when the discount was larger. And received 3 dividends so have done well. So decided to get out now the discount has narrowed. If it gets back to 15%+ discount again, I will have another look.
Fund managers are hardly great performers and can't be trusted after what they pulled with the fund magement business to line their own pockets and also the cross investment with CIE. Pretty dodgy stuff. Now that the management business is gone, I expect them to go back to their usual poor performance, which has already started by the looks of things. Good luck.