RC
Robert C
1 reviews | Active since Oct 2016
06 Mar 2020, 19:28
Stay clear!
I have been an investor with Allan Gray for an extended period of time! Over the last couple of years I have seen the value of my investment returns deteriorate month after month. I have questioned the logic of some of the investment decisions and the feedback received from the business is totally contrary to current market conditions and events, I.e. market movements and current events have been totally contrary to Allan Grays explanations and views, which has seen the destruction of my investments value. I stopped contributing to the unit trusts a while ago, given the negative returns being experienced and was not in a position to withdraw my funds at that stage but over the last year all their decisions around various investments have been incorrect. Find another company to Invest in because since the loss of the founder the performance has been below what you would expect from a professional investment firm!
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Replies (3)
Allan Gray's replyOfficial
09 Mar 2020, 14:39Dear Robert C
Thank you for taking my call and allowing me the opportunity to address your concerns about your investment’s recent performance.
I completely understand your concern regarding the performance of your investment. I want you to be assured that we take the greatest care in looking after your investment. Our investment team conduct extensive research into the companies we invest into and we review these companies on an ongoing basis.
Our founder, Allan Gray, developed our distinctive contrarian investment philosophy and this philosophy remains in place today. We continue to seek out and invest in undervalued assets and will sell those assets once they reach their intrinsic value. This may not always conform to market sentiments and may lead us to experience periods of underperformance. Despite recent underperformance, we believe that we are currently in a position where we own undervalued assets that are trading below their intrinsic value and we are excited about their prospects.
As discussed, I will be sending you an update providing you with more details on our views on the holdings in your portfolio to provide further context as to the decisions made.
Should you wish to discuss your response further, you may contact me directly on ***. Yours sincerely
Nonduduzo Ncala | Client Relationship Manager
Thank you for taking my call and allowing me the opportunity to address your concerns about your investment’s recent performance.
I completely understand your concern regarding the performance of your investment. I want you to be assured that we take the greatest care in looking after your investment. Our investment team conduct extensive research into the companies we invest into and we review these companies on an ongoing basis.
Our founder, Allan Gray, developed our distinctive contrarian investment philosophy and this philosophy remains in place today. We continue to seek out and invest in undervalued assets and will sell those assets once they reach their intrinsic value. This may not always conform to market sentiments and may lead us to experience periods of underperformance. Despite recent underperformance, we believe that we are currently in a position where we own undervalued assets that are trading below their intrinsic value and we are excited about their prospects.
As discussed, I will be sending you an update providing you with more details on our views on the holdings in your portfolio to provide further context as to the decisions made.
Should you wish to discuss your response further, you may contact me directly on ***. Yours sincerely
Nonduduzo Ncala | Client Relationship Manager
Allan Gray's reply09 Mar 2020, 14:39
Official
Dear Robert C
Thank you for taking my call and allowing me the opportunity to address your concerns about your investment’s recent performance.
I completely understand your concern regarding the performance of your investment. I want you to be assured that we take the greatest care in looking after your investment. Our investment team conduct extensive research into the companies we invest into and we review these companies on an ongoing basis.
Our founder, Allan Gray, developed our distinctive contrarian investment philosophy and this philosophy remains in place today. We continue to seek out and invest in undervalued assets and will sell those assets once they reach their intrinsic value. This may not always conform to market sentiments and may lead us to experience periods of underperformance. Despite recent underperformance, we believe that we are currently in a position where we own undervalued assets that are trading below their intrinsic value and we are excited about their prospects.
As discussed, I will be sending you an update providing you with more details on our views on the holdings in your portfolio to provide further context as to the decisions made.
Should you wish to discuss your response further, you may contact me directly on ***. Yours sincerely
Nonduduzo Ncala | Client Relationship Manager
Thank you for taking my call and allowing me the opportunity to address your concerns about your investment’s recent performance.
I completely understand your concern regarding the performance of your investment. I want you to be assured that we take the greatest care in looking after your investment. Our investment team conduct extensive research into the companies we invest into and we review these companies on an ongoing basis.
Our founder, Allan Gray, developed our distinctive contrarian investment philosophy and this philosophy remains in place today. We continue to seek out and invest in undervalued assets and will sell those assets once they reach their intrinsic value. This may not always conform to market sentiments and may lead us to experience periods of underperformance. Despite recent underperformance, we believe that we are currently in a position where we own undervalued assets that are trading below their intrinsic value and we are excited about their prospects.
As discussed, I will be sending you an update providing you with more details on our views on the holdings in your portfolio to provide further context as to the decisions made.
Should you wish to discuss your response further, you may contact me directly on ***. Yours sincerely
Nonduduzo Ncala | Client Relationship Manager
RC
Robert C's updateReviewer Update
11 Mar 2020, 18:00Dear Nonduduzo,
I eagerly await your update considering the Sasol share is close to zero and Allan Gray still decided to invest in the company when the woes started and have destroyed further value!
Regards
Rob
I eagerly await your update considering the Sasol share is close to zero and Allan Gray still decided to invest in the company when the woes started and have destroyed further value!
Regards
Rob
RC
Robert C's update11 Mar 2020, 18:00
Reviewer Update
Dear Nonduduzo,
I eagerly await your update considering the Sasol share is close to zero and Allan Gray still decided to invest in the company when the woes started and have destroyed further value!
Regards
Rob
I eagerly await your update considering the Sasol share is close to zero and Allan Gray still decided to invest in the company when the woes started and have destroyed further value!
Regards
Rob
RC
Robert C's updateReviewer Update
03 Apr 2020, 12:52Dear Allan Gray,
Following on from the above, you did send me the write up of the rationale for holding and further investing in Sasol. As you can see from the current state of affairs the share price has eroded further, thus again negatively Impacting on your clients investments. I take your comments, but the analysis does not seem to “hold water”. In addition shareholders were involved in the removal of the joint CEO’s but you still have a CFO in the organisation that is part of the same problem that caused the share price to plummet and that you continue to tolerate. Again really disappointing!
Following on from the above, you did send me the write up of the rationale for holding and further investing in Sasol. As you can see from the current state of affairs the share price has eroded further, thus again negatively Impacting on your clients investments. I take your comments, but the analysis does not seem to “hold water”. In addition shareholders were involved in the removal of the joint CEO’s but you still have a CFO in the organisation that is part of the same problem that caused the share price to plummet and that you continue to tolerate. Again really disappointing!
RC
Robert C's update03 Apr 2020, 12:52
Reviewer Update
Dear Allan Gray,
Following on from the above, you did send me the write up of the rationale for holding and further investing in Sasol. As you can see from the current state of affairs the share price has eroded further, thus again negatively Impacting on your clients investments. I take your comments, but the analysis does not seem to “hold water”. In addition shareholders were involved in the removal of the joint CEO’s but you still have a CFO in the organisation that is part of the same problem that caused the share price to plummet and that you continue to tolerate. Again really disappointing!
Following on from the above, you did send me the write up of the rationale for holding and further investing in Sasol. As you can see from the current state of affairs the share price has eroded further, thus again negatively Impacting on your clients investments. I take your comments, but the analysis does not seem to “hold water”. In addition shareholders were involved in the removal of the joint CEO’s but you still have a CFO in the organisation that is part of the same problem that caused the share price to plummet and that you continue to tolerate. Again really disappointing!