This thread refers to and old research report that draws attention to accounting concerns with CIM but I do not think this is the catalyst for fall in SPP. Someone is bailing but no evidence of whom
I will watch the SPP over the next few days for any announcement but otherwise if it retraces sub $29 then I might be inclined to buy CIM for dividend and long term hold. For the life of me, this company continues to be favoured for major Aussie contracts and whilst margins are not what they were several years ago, they are still making sound profits. Any acccounting concerns you would think would have been alerted to by internal and external auditors, let all ASX queries
CIM Price at posting:
$29.30 Sentiment: Buy Disclosure: Held
