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04/07/22
12:39
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Originally posted by OracleRhino:
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Aaah Goosy goosy gooone When did you sell mate? If below $1.50 then you are just too early, these guys are only just getting started. I keep a core holding in this and play around the edges, cap returns, buybacks... If BM and MH sell into this and unlock some liquidity I couldn't give 2 stuffs, sell out sure a concern... ive taken some off table $1.20 and below only to add again down here ahead of the buyback which started today. This is Capital management, the company raised $10m @ 1.06 and is now buying back and returning capital... im sure those guys are happy and will go again if another opportunity came up. These are smart guys - you can see by the deals and partnerships they are forging, if you think they wont be able to find more deals in cash starved markets certainly stay away. I think personally thats where private equity thrive. Ive added more today. FUM still counts buddy, some will go up some will go down and we will stop raising rates sooner than the market thinks atm.
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Buyback progressing well. V happy with where this one is going.