TELCO

We added Vonex Ltd (ASX: VN8) to our long term portfolio in September when it was trading at 14 cents per share. We invested because VN8 is not yet well known to ASX investors, but is aspiring to attain a similar valuation to its ASX listed peers:

After following the story for a while, and having familiarised ourselves with management and the company, we have decided to take a long-term position in Vonex (ASX: VN8).