Things haven’t been going well for me of late.
Origo has proven to be a disasterous investment – mitigated a touch by me getting out relatively early but worsened by absoloutely no liquidity relative to my size. My original investment thesis is here. I thought that the prefs could be redeemed and that the NAV was possible / there was payout potential. The evidence for this was a balance sheet in theory worth about $80m when I got in vs a capitalisation of 23m across the prefs and ordinaries – so potential for a decent return.