Not one ‘where are you Bristlemouth’ in two long weeks. Where’s the love folks? Not to worry, I’ll tell you anyway. The first half of April has had me living the investment banker life all over again (minus the pay cheque).
First and foremost is the activity surrounding RHG. If you haven’t been following the news we, that is the Intelligent Investor group, are supporting a bid by Wilson Asset Management and Cadence Asset Management to, firstly, vote against the $0.88 buy back offer currently on the table. The second stage is then to vote for the proposed board changes that will ensure the company remains listed and commences the payment of dividends to shareholders.
I interviewed Geoff Wilson and Karl Siegling regarding their plans for RHG.
This second interview introduces the proposed board members for RHG, Malcolm McComas, Paul Jensen and Gabriel Radzyminski
I’ve also spent quite a bit of time compiling a special report on RHG, Time for RHG to learn democracy, which is now available for reading.
We’ve also revitalised rhgshareholders.com. You can see all the videos, Q&As with Cadence and Wilson, all the latest news and register for email updates.
April also marked the end of the first 2011 quarter and the Value Fund’s Quarterly Update was released earlier this week. The report reviews the man-made and natural traumas that have marked the start of this year and looks at their impact on stockmarkets and the Value Fund. A couple of new holdings have been added (and one removed) and their cases are detailed in the Value Fund March Quarter Update.
Finally, I was in Melbourne at the start of the month for the ASA Conference. We also managed to gather enough interested people to an information night on the Value Fund on the 4th and I would like to thank all those who attended. For those who weren’t able to make it, we did record the evening and once the media commitments of RHG settle down we plan to post a video to iifunds.com.au with highlights from the night.
Tonight, however, I’m looking forward to a sleep.
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Forager Funds is a boutique fund manager specialising in a value investing approach. We offer an ASX listed Australian Shares Fund as well as an International Shares Fund both aimed at delivering returns for long term investors.