HOT 0.00% 11.5¢ hotcopper holdings limited

Ann: Annual Report to shareholders, page-2

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    The Group currently holds 33 individual ASX investments all with fair values less than $150,000. The fair
    value of the investments disposed of amounted to $537,118 and a realised post-tax net loss on disposal
    of financial assets is $215,737 for the financial year ended 30 June 2019. These investments were
    disposed of during the year in line with the Group’s investment strategy where the customer relationship
    has come to an end.

    LOSS of $215k
    wonder what the business model is - subscribe to client IPO using own cash and sell when relationship terminates? seems very random and likely a losing strategy. Relationship usually terminates when client cannot afford hotcoppers services as fundamentals are declining so share price is down? that way we almost always sell at a loss.
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