Ann: Net Tangible Asset Backing, page-48

Hostile,

Did a bit of sleuthing around this.... they don't call me Detective Hrvoje for nothing!

WM report the end of month unit price for the Watermark Trust on their website which was 1.3106 on 31 October see here http://wfunds.com.au/fund/watermark-market-neutral-trust/

Looks like you can get the daily Watermark Trust unit price from Morningstar here https://www.morningstar.com.au/Fund/FundReportPrint/40937 although it is a bit out of date

Right now the exit price ie the price you would get if you owned shares and sold today is 1.2716

So so far this month in percentage terms these clowns have torched another 3% (THREE PERCENT!!!), so much for the promise of being up in a down market.

Now it is clear why they have scheduled their AGM a day before they have to report this SHOCKING result to the market!

This is beyond pathetic, it is highway robbery. No way on earth I am buying into this dumpster now as in another 5 months they could lose 15% of the value easily!

With this information shareholders should demand answers!!!

Might I add... Jeff Wilson you are up to the batting cage and you need to look shareholders in the face at the AGM and tell them how you will fix this...