While the economic outlook remains uncertain and investor focus continues to be on the current volatility in the sharemarket, many companies are currently holding their annual general meetings (AGMs). And despite the market downturn, not every company is reporting doom and gloom.
IML has had a negative view on the Listed Property Trust sector for the last few years. While initially this view appeared incorrect as the sector continued to perform strongly during 2006 and 2007, over the last twelve months the sector has been the worst performing sector in the ASX 300 and has dropped by over 50% in this period of time.
