The performance numbers are skewed by an extraordinary underperformance against their Small Ordinaries Accumulation Index benchmark in January, 5.7%. Excluding January there is a slight outperformance of 1.7% over the financial year to date. It will be interesting to see what the February numbers come up with. Whatever that proves to be the January numbers don't encourage passage of the EGM resolutions.
Ann: Net Tangible Asset Backing, page-3
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