Antipodes Global Investment Company Limited

The Weekend Australian has an interesting article about Jacob Mitchell, an ex-PTM fund manager and his newly established Antipodes fund manager.

Would you recommend his LIC?

Regards

 

 

A: Thanks for the question.

The Antipodes Global Investment Company Limited, which trades under ASX code APL, has a reasonable track record –  outperforming its benchmark in its first year.

It is based on Antipodes Global Fund, which uses a long/short approach.

At 31 July, it was trading at about a 4% premium to its NTA. There are also a number of unexercised options at $1.10, which if exercised, will be dilutive.

Would I recommend it? Not at the moment.

 


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