I got in to ARI during the week for the following main reasons:
- Pending interest rate cuts will boost this business
- They have three arms to the business and donot rely soley on POIO
- Given their share price has fallen by approx 1/30 surely there has to be some upside and given their smart move with the capital raising they should weather the storm whilst consolidating revenue raising parts of the business
- Given all of above and the fact that price has dropped further I suspect a takeover target
- BSL has also dropped dramatically and I think ARI are a better buy and when things pickup could buy BSL
Fairly basic reasons but would be interested in others thoughts.
MFinn
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