Ann: Investment Update and NTA August 2016-CDM.AX, page-5

Hi Tinwins

I would be happy if our directors actually gave us information instead of mother hoods.
A Market Update is not how much dividends you paid in the past.
About telling us how much of this month's improvement came from the Asciano investment? About telling How the short positions have been performing?
Care to have a look at ALF's monthly announcements compared to CDM's?

Now you may not care about any of that. You may just want your NTA figure monthly in, month out and don't care about the rest. That is fine. I respect that and don't have an issue with that. but some of us may be interested in a little bit of information. Such as why have management fees sky rocketed from two years ago.
(Very cosy, increase the share base to do it). Why have Dividends to Shorters blown out of the water? Who the hell are we paying $855K of brokerage fees to?

Pear