I'm finally out in the last run up! And another top 20 holder joined me in our exit.
The run was timely and well orchestrated in order to build the price. This will now prepare and enable them for the next capital raising. It's a very common strategy for what think is and I like to call lifestyle public companies> I've watched it happen many times over the last 40+ years.
My prediction now is they will quote one of the higher recent figures and use that to set the price for a fresh capital raising.
I have got to take my hat off to them and their timing. I only wish they managed the rest of the business nearly as well.
Perhaps, I might come in for the next run up, but I'll never buy in a falling market.
Cheers guys and good luck on holding for the long term.
