Kempower

Our holding in Kempower has shrunk to a size that no longer plays any significant role in the portfolio performance. We don’t want to buy more, thus selling is the right choice. We don’t believe in the growth store of Kempower anymore. The original purchase late 2023 was made based on very high growth prospects as the company has great technology and is one of the best in the industry. However, at this point we feel that we can put the money to better investments that offer greater expected returns. We ended up making -50% loss, but luckily the position was small to begin with.