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I’m certainly not going to change my sentiment based on this...

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Just_a_guy

3,322 Posts.

103

14/08/18

13:25

Post #: 34924524
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Originally posted by madamswer ↑

"Not that it means much, but a 9m$ investment (at cost, average price 1.41$) for a fund with a NAV of only 123m$ (of which 25% reportedly in cash) does denote a degree of conviction."

@Transversal,

I'm not too familiar with the folk at Samuel Terry AM, but you are right: to allocate 10% of one's invested capital to one stock does reflect a high degree of conviction.

Trouble is, I'm not sure how one can possibly have a high degree of conviction in a business which is not really a business yet, and about which some uncertainty exists as to whether it will one day become a business.

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I’m certainly not going to change my sentiment based on this holder notice but I do read the Samuel terry reports, largely given their returns over the last 5 years are >30%pa and over ten years average 22% so was pleased to see the come onboard this ‘ride’.

OMN Price at posting: $1.15 Sentiment: Buy Disclosure: Held
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