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What I love about this is firstly who runs  it , their value driven approach , and secondly the private capital approach it represents. What I don't like [ and to  be  fair I think managment have seen the light on this one  - is the getting involved with listed stuff as a minority share holder ]  So it irks me that they are hanging around in Conduit Capital. And it scares the life outa me that the latter are linking in their Constantia short term with Trustco (and guess what there is going to be a shareholding in Trustco's LSH or what ever the call it )- okay , the interest that RACP has in CC is very small - but given the price raise in CC there is only one thing I think makes perfect sense and that is sell , sell , sell Conduit. Because, for my own account,  I would rather swim in shark infested waters than get involved with Trustco...  

I wonder whether its possible that the  Equity Research team worked for the Albanian Regime in a previous life - their President Hoxha would say every year when looking forward to the next year something along the following lines "Last Year was difficult but it will not be as difficult as the year to come"? (  To be fair this did happen  in a country where even using the words "hope" "future" "enjoyment" would probably give rise to a life sentence - with hard labour .)   But just looking at the prospects for food delivery - even a breakeven point for food delivery  - and the ebitda - ?? Man ....if those pockets don't stay deep....  

Okay so some one help me - this name links into the founding of the asset maangement business - in 1991. So what? Is this the best thy could do- but what is in a name when it is the outcomes linked to the name that count , besides it has a  founder's ego trip ring to it? More importantly as an INL share holder a name change or no name change at all is  going to erase the  last 5 - or perhaps longer - results of the group. Fat, lazy  and grandmasters at  badly deployed capital - what,if anything , is this delink going to do for investors? Not a lot I fear - unless the cozy culture changes and becomes cognizant of and responsive to the only thing that counts - share holder and client SATISFACTION.???

  In this presentation Simon Brown, founder of Just One Lap, covers the basics of tax-free investing and Exchange Traded Funds (ETFs). He also looks at the most effective way to utilise your tax-free investments - not only for returns, but to get the maximum tax saving benefit as well.