Project Ekaris: Open Letter to our Benefactor

Dear Uncle C,

We have a problem with Company C. It appears we may be getting a loss at year end. The macro factors have hit the company hard. Am working articles at the moment that should shed some light into the mechanics of the deal but seems there is now a sale of some non-performing assets with Subsidiary A being the first one. I believe the sale is largely influenced by the investor they brought on board however there is also a small matter of the company remaining focused on its core businesses. I was anticipating a dividend for your portfolio following their announcement last year of the change in dividend policy. However, we shall keep a close watch on this company as we are fast approaching the end of its financial year.

The consolidated financials for this year will give us a clear indication whether this invested company is worthy of remaining in our portfolio. We have assessed its strategy and we confirm it is solid. In fact, many large MNCs are also adopting their approach of getting closer to their customers through macro outlets. However, certain macro factor not be ignored. At the next AGM, just as the previous one we attended we shall ask the management team what measures it is putting in place to manage these factors.

I will keep you posted.



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