Sirtex offers promise on good results

Founder and Chief Investment Officer of Montgomery Investment Management
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It’s that time of year again – the blackout period – one of two windows in the year when senior management teams of many listed businesses refuse to take calls and meetings with investors.

With their books, budgets and results largely signed off in preparation for half-yearly reporting season, given the risk of selectively briefing market participants and the penalties that could be levied (and although as fund managers, we find lack of access frustrating), it’s fair enough.

During a void of information and in what many others call their down time, we have instead been reviewing our existing portfolio positions, scratching around for anecdotal evidence and also hunting for new ideas.

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