JR I agree with what you say, but there is no reason whatsoever that vog need to use a top tier audit company, paying through the nose for the pleasure. It is after all only a relatively small company.
Not sure what you don't agree with. Audits are a statutory requirement. No audits take place on half year accounts and year end figures won't be released until the audit is complete. Most large organisations have December or March year ends and have their audits done in the first 5 months. There is also an international element to VOG require foreign subsidiary audits. VOG has to be fitted in between the BP's and GKN's of this world. It's a few years since I did this sort of work but I doubt it's changed much.
I only look to; and am happy to gain between 10% to 20%, then I pull it back out, go elsewhere, come back etc etc. My monies were elsewhere during February bigsmoke. So it rising 100% is really irrelevant to the way I invest, which is possibly different to you. But i'm sure some were extremely happy during February!
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