CCX 4.17% 11.5¢ city chic collective limited

Reputational damage done, page-10

  1. 581 Posts.
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    nnn,

    Your comments are extreme to be frank.

    I have corresponded personally with an asset manager who has strong ties with the Chairman and the BOD - who they are in constant communication with. They are fans of CCX management, there's no hatred towards them.

    This particular fundie has exited their position in CCX (which was small due to the current climate), but not due to management's decision-making, more because they are decreasing their fund's exposure to the retail and consumer discretionary sectors for obvious reasons and because they don't see any near-term catalysts for CCX.

    There are several reasons for this SP collapse ie fund managers moving away from illiquid small caps into larger businesses, but I am a contrarian investor by nature and have now averaged down very hard mid 60s.

    Let's see how we go.
 
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