Monthly Archives: June 2012

Update No. 66 – 30/06/12

Please find attached the Shareholder Letter for the 2012 financial year.  Please note the value per share is unaudited at this stage, it will appear with the asterisk below until such time as our external auditors give us permission to declare the figure final.  We find that over the last 12 months, we have managed […]

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Update No. 65 – 22/06/12

Next weeks post will be the closing price of the indices and the fund on 30 June.  As this day is a Saturday, we will use the arithmetic average of the values from Monday – Friday 25 – 29 June as the closing value for FY2012.  I will issue it on Sunday 1 July as has […]

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Update No. 64 – 15/06/12

Last week I discussed my view that an open immigration policy would substantially ease the issues facing the Euro zone.  This week I’ll expand on the other great policy change that in my view, all nations must consider, given the continued growth in life expectancy – the retirement age. It must be first acknowledged that […]

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Update No. 63 – 08/06/12

I mentioned recently, I would expand on my views as to why the Euro as a currency has failed, and to some ideas on how it might be improved.  I offer my ideas because in my view, there is nothing worse than someone who decries a situation and yet proposes no improvements – Benjamin Franklin […]

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Update No. 62 – 01/06/12

I haven’t looked to US Housing starts for a couple of months.  April’s figures indicate 717,000 starts, up about 30% year on year, although permits declined to 715,000, indicating month on month growth will probably stabilise at around that level over the next couple of months. I said here in February that if housing starts […]

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