Based on their commentary (p2) I can see them buying back in if numbers stabilise in the next update and the price hasn’t gotten out of hand. They’re almost fully invested (2% cash) and obviously decided there were better near term opportunities. They’ve been trading pretty aggressively in some other stocks I’m in (and done quite well) so perhaps not a bad call. I’m happy to be a little patient and sit on my current stake until the next update, it’s not that far away and its not depriving me of other opportunities as I’m still holding a fair proportion of my portfolio in cash.
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