CIM 0.00% $22.00 cimic group limited

this is perfect response to media speculation. it's clear...

  1. 324 Posts.
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    this is perfect response to media speculation. it's clear that their exposure is limited to the amount already disclosed in January last year. if there's any further bad news, it's too late to disclose now because they've passed confession season plus under corporations law they've to disclose immediately not wait until announcement.

    in my honest opinion the full year report is going to be very positive. you don't need to look beyond their the cash proceeds they collected from the sale of their 50% mining arm. on their most recent announcement they said due to improvement in the financials of the underlying business they had to collect over the initial cash rage they anticipated...

    if the full year results this week has improved profit, good dividends and good dollar commitment for buybacks plus most importantly profit guidance for the upcoming financial year, then expect the share price to shoot up as it did in previous years when the announcement surprised the market to the upside
 
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Currently unlisted public company.

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