It is an unsurprising result and still heavily undervalued. Nevertheless, I have been selling as I’ve found an alternative investment that I have more conviction in- whether it is a good decision given the obvious opportunity here that I understand well, will only unfold in the years to come. Unfortunately, I am not willing to decrease my cash allocation in the light of the general valuations across the market so my weakest as newest liquid positions had to go.
Good luck, I expect it won’t require much and will certainly look to come back in if it doesn’t reprice aggressively in the near future.
