Odyssean Inves. Share Price (OIT)

XPP does it again !!!!!!!!!!!!!! 10% holding. Surely our Managers paid close attention to how the companies performing.

Similar to others, I am always learning. I read this today in the interim report:

"Pursuant to the terms of the Portfolio Management Agreement, the Portfolio Manager is entitled, with effect from Initial Admission, to receive an annual management fee equal to the lower of: (i) 1.0% of the net asset value (calculated before deduction of any accrued but unpaid management fee and any performance fee) per annum; or (ii) 1.0% per annum of the Company's market capitalisation. The annual management fee is calculated and accrues daily and is payable quarterly in arrears."

I don't know of any other ITs where the management fee is based on the share price when there's a discount. Add that to the fact that both managers own a lot of shares, they are strongly aligned to the success of the IT.

You all bought XPP in the 700's instead of OIT. I'm a scaredy cat.

Another 5000 for me at 137.7p. On the basis that the rot has stopped.

One of my stalwarts, seeing as I bought at inception, but this week has jaundiced my outlook somewhat. No doubt the spin will be you can't get it right all the time. Purchase of an additional tranche of XPP on the 3rd Oct, when the sp was 10000-11000p, suggests panic, not a shrewd investment. Falling blade comes to mind, unless they were picked up at a significant discount but I would guess nowhere near the sub 700p on Friday.

I just wonder if another increase in holdings will appear on Monday - or whether burnt fingers is accepted.

Will look at adding - lets see what Monday brings GLA.