Ann: Change in substantial holding for IPE, page-3

Yes thats right

Pleased to see another watcher through Hot Copper

This long list of holdings must surely lead to some rationalisation eventually.Yes, Ron backed in some
holdings when India Equities became what we have now.

The monthly NTA report always converts to a discount of about 10 per cent. Whereas investment companies
traditionally are priced at a premium.

Seems to me that we still need some action to set demand alight.

Ron and the Board are having fun at our expense.??