FCL 3.99% $1.81 fineos corporation holdings plc

Fund Managers prescribe remedy for patient...

  1. 10,605 Posts.
    lightbulb Created with Sketch. 26
    ...cut its head off.

    Absolutely typical...In my view this is why so few fund managers are actually any good.

    The AFR quotes a leading fund manager as saying Alan Newman should depart FCL after the companies recent performance.

    In my mind this demonstartes the complete lack of understand such a person has for the risks that are known to exist in the venture that Newman runs.

    It has exposure to significant impact from climatic conditions - insurance, rural supplies, cattle and fertiliser.

    Newman is one of the leading managers in Australai in my opinion - yes, age and cunning DO have a place in management - its the funds sold his stock down - if they want to trade short term then expect the swings and roundabouts.

    Despite my words of warning in recent posts don't get me wrong...this is a quality company in my view. All that remains is to pick the entry point and have patience...but it is a quality company WITH Alan Newman running it - take him away and all bets are OFF.

    (All imo of course!)
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