I think there's just general fear creeping in to markets. If the general market goes pear shaped then bidders can just choose to walk. Maybe an uptick in interest rates mean any debt funding changes the value ascribed. Even the impact on valuation due to changes in discount rates in financial models. What about RADs and deposits? House prices if rates go up?
So if you're sitting on a big profit already, a fund manager with no actual skin in the industry outcome, then I get why they might cut and run.
My position is to sit and hold. There's a floor under this, unlike the groovy stocks that have no fundamental value.
JHC Price at posting:
$1.20 Sentiment: Hold Disclosure: Held
