Odyssean Inves. Share Price (OIT)

Excellent performance here. Trading at a discount for the first time in a while. NAV 213p.

All looking good from where I'm sitting

Lets hope we get a revised bid and it will be yet another UK company bought!!

Glad to see our Managers were not completely wrong and adding in times of woe has paid off or at least balanced our holding.

UK Smaller companies seems to be in vogue from the tipsters at the moment a good solid hold for myself directly and within NAS.

XPP should have caused a decent jump in OIT NAV today.

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.