RE: Becoming concerning24 Feb 2023 18:26
ggrantsu you are spot on. I have been involved with this stock for a number of years, but never on a large holding.I started to take real notice 18months ago. I told the brokers that I wanted to see real organic growth for 3 quarters before I would run a decent position. I have been buying heavily into the recent fall doubling my position in the last few days.
There is no doubt that many Institutions havent held it because they dont understand it.Others buy it and flip because they knew that another acquisition was just around the corner and able to renter. Ben was unpopular with several big investors and had to make way. A new approach with shareholder distribution has woken up some faces.
I have worked in this business for over 40 years In my experience if Mondays figs continue to show the growth in earnings the we have seen for the last 18 months, then CNIC will either rerate or will be taken private by PE.