G'day Ava, It has closed the gap at $4.51 today..... top it up...

G'day Ava,

It has closed the gap at $4.51 today..... top it up on more contracts..... this will be something when it reverses again IMHO.....

GL with your other ventures..... be careful with the downturn that is approaching....


Have a read on RIT's last week's half yearly report...... nothing else than the chairman to state some interesting thoughts.... Lord Jacob Rothschild...

..."We do not believe this is an appropriate time to add to risk. Share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured. The S&P is selling at 25 times trailing 12 months’ earnings, compared to a long-term average of 15, while the adjusted Shiller price earnings ratio, which averages profits over 10 years, is approximately 30 times. The period of monetary accommodation may well be coming to an end.

Geopolitical problems remain widespread and are proving increasingly difficult to resolve. We therefore retain a moderate exposure to equity markets and have diversified our asset allocation towards equity investments where value creation is driven by some identifiable catalyst or which are exposed to longer-term positive structural trends.

We have a particular interest in investments which will benefit from the impact of new technologies, and Far Eastern markets, influenced by the growing demand from Asian consumers.

As the ‘Fourth Industrial Revolution’ develops, it becomes increasingly important for your Company to be able to assess investment opportunities in the innovation-driven changes which are affecting almost every business sector. With this in mind, we have entered into a partnership with Social Capital, one of Silicon Valley’s leading technology investment firms…”

cheers

T10