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Twenty First Century Management


Twenty First Century Management is an investment company with a small brokerage operation.
The company largely invests funds for its own account and the brokerage business is a relatively small part of its operations with a largely institutional focus.

The company possessed liquid assets including securities, cash and other net current assets on a consolidated basis of about 40cr (after accounting for a 10cr loss in the standalone company) as at 30th September, 2011.  Consistent with the nature of its business, it has reported volatile performance over the last five years generally corresponding with stock market booms and busts.

The business is subject to all the risks relevant to investing in financial markets and those specific to its trading strategy (largely unknown).  It is also subject to intense local and global competition in the brokerage business.

Management don’t have a notable dividend paying record over the last decade.  Further, the company took large losses during the 08/09 downturn and now in the six months to September raising questions on their ability to competently manage company assets during lean times.

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