The company was initially formed in 2017 to provide consulting research.
In the 2020 bear market it decided to take many small positions in companies that may offer share purchase plans (SPPs) in the future. Build-up of funds in the company and opportunities available warranted more efficient management of the capital.
Investing the capital of the company may become more of the focus in future years.
END OF FINANCIAL YEAR 2025 COMPANY UPDATE
Refer to the below attachment for an updated performance summary and top holdings as at June 30.
END OF FINANCIAL YEAR 2024 COMPANY UPDATE
Refer to the below attachment for an updated performance summary and top holdings as at June 30.
END OF FINANCIAL YEAR 2023 COMPANY UPDATE
Refer to the below attachment for an updated performance summary and top holdings as at June 30.
END OF FINANCIAL YEAR 2022 COMPANY UPDATE
Refer to the below attachment for an updated performance summary and top holdings as at June 30.
FIRST YEAR PERFORMANCE OF COMPANY FOCUSED ON INVESTING (FY21)
As mentioned when starting this site, the company would likely just focus mainly on investing the capital. The only slight change in the plans was that I would no longer necessarily hold the “coffee can” style stocks (discussed on this blog) in this structure. I have however held them in my other portfolios and still believe they can be held there for a very long time in the future.
We had one new shareholder come in this year and we both were curious to see how a fund strategy being purely dedicated to wind ups / takeover arbitrage / short term special situations etc would go in the years ahead. That was nearly all the focus in the first year it concentrated on investing and will continue to be the case going forward.
I shall try and at least post a quarterly letter every year here to show how it has gone. Thus far I am pleased as I expect this strategy to mostly outperform during flat or weak markets. Of course we have had a major bull market instead, yet the strategy has still beat the market even if it is assumed the portfolio was sold and taxes paid.
Refer to the below attachment:
Steve Green Research 