CCQ 0.00% 95.0¢ contango capital partners limited

agm notes 2008

  1. 1,480 Posts.
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    A small attendance of 15-20 with some of the points I noted;

    - an interesting graph showing that the most common annual ASX return is 10-20%. This year will be the worst on record, maybe - 40to 50%.

    - biggest returns were after recessions 1975 was one at +60%

    - they are a top quartile fund manager and this will help maintain mandates. FUM at 49.9% owned vehicle are down but still A$ 1.2 billion

    - Bundy ex Merrill heads up star studded board

    - Directors contol 50% of the fund manger 49.9% owned by CCQ

    - NTA is only just ahead of cash. Fund mgrs have been written down but NTA still 68c~ in Oct 08 v 35c price today

    - bought Olympus this year (INE manager) 65%~ for .7m

    This is clearly a bargain at these levels on a risk/reward basis.

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