packer buying, page-5

Considering that they are trading at a reasonable discount to their NTA, there coule be some decent upside, but as you say, only if they can generate consistent positive returns.

After reading their quarterly report, I have to say I wasn't particularly impressed and I had hoped for more non listed investments to be included on their shopping list to see some real value.

However with only around 1-2% of the funds value in such investments and a 2% management fee (and even more if they actually make money) I don't see the point.

Good luck to all holders, this stock was a bit of a punt for me, but I'm glad I'm out, there are some decent companies trading on current PE's of 3-5 times that I have already put the the cash into.

Please DYOR