On December 5 we saw Paradice Investments drop below the 5%...

On December 5 we saw Paradice Investments drop below  the 5% substantial shareholder public notice range . ( they had bought in at an average of around $1.90 a share from around August 8 to September 17.
https://hotcopper.com.au/threads/ann-becoming-a-substantial-holder.4435418/#.XCiP2Ro_Xmo)



About a fortnight after it’s exit:
ECONOMICS / STRATEGY / VIDEO
December 21, 2018

Paradice Investment Management Discuss Market Volatility
By Tim McGowen | More Articles by Tim McGowen

“In this Informed Investor video James McBeath, Portfolio Manager at Paradice Investment Management explains what is behind the current volatility in global markets and examines the macroeconomic factors set to impact markets in 2019.

Here’s the link ...his talk is about three and a half minutes long.
https://www.sharecafe.com.au/2018/12/21/paradice-investment-management-discuss-market-volatility/

He thinks a lot of volatility is due to  geo global political tensions upsetting  the market .
“Unlike looking at a stock’s fundamentals and assessing the individual companies,  getting an understanding of the motivations particularly for political debates can be quite complicated, particularly from an outsider’s perspective ...”
“Elevated level of uncertainty “
People are feeling “more sensitive...”

In regards Australian investors :
- China matters to us - it’s an important trading partner ..
Investors are also concerned with having to deal with, potentially,  a new Federal Government and major policy changes relating to the property market and franking credits ...
He said this can create “a negative backdrop” for  investors .

But he said the equity market tends to move “at least six if not more months ahead of time”.

“The recent pullback ..has provided opportunity for some investors prepared to look through that near term volatility ..
And particularly where we’re seeing that, is where stocks with stronger individual fundamentals have been sold off due to either secular or economic wide concerns even though the underlying fundamentals of those companies remain quite robust ....
and so from our perspective, we’re spending quite a lot of our time going through those stocks that have been sold off and understanding where opportunities may sit for those that are going to be immune to potentially more challenging economic times coming ahead in 2019  ..”


Interesting that he sold off one of the stocks that has robust fundamentals and potential to be immune in more challenging economic times ahead .
(That is US btw)
Interesting that he sold off two weeks before our shorting attack dropped the price to $1.42 .
It will be interesting to see who, if anyone, decides to capitalise on current prices .....