I spent this week in Kuala Lumpur; it has been an enormously useful week. You won’t see the impact on results in the short term, but the efforts of this week will pay dividends to fellow EGP investors in the coming weeks and years.
It was a better week for the market this week after a couple of declines exceeding 2% per week. It was also a pretty good week for EGP; we hit a new all-time high and broke through a 10% total return for FY15 to date.
We hit another all-time high this week. We have been up 15 out of 17 weeks so far in the 2015 calendar year. Such consistent returns should not be relied upon. When investing in listed stocks you need to be prepared for some bumps. Before you consider what happened to the market this week as much of a bump, remember the ASX200 (Total Return) is only 2.6% of its all-time Friday closing high, registered on March 20 this year.