Trying to get my head around CBL. If you analyse the share...

Trying to get my head around CBL.
If you analyse the share register it looks like :
Smaller holders 9%
Founders. 58%
NZ Instos. 13%
Non NZ Instos 20%
TOTAL 100%

If you analyse the shares sold to new holders it looks like:
Smaller Holders. 21%
NZ Instos. 31%
Non NZ Instos. 48%
TOTAL. 100%

Notice that Argo Investments is a top twenty holder plus a large Danish Insurer called Alpha.
Also , a Singaporean recently registered company is a top twenty holder. Very interesting that Argo has taken a position plus this Danish Insurer. Also, I believe that Singapore is taking the place of Switzerland in terms of banking and investing secrecy so a top twenty holding by a recently registered Sigaporean company is also worth noting.
Company plans to pay out 30 percent of profits as a dividend and fully franked. This represents a five percent grossed up yield. If the company paid out 60 percent of profits the yield would be 10 percent .
Somehow, this business leads me to think it is potentially a sleeper that may surprise significantly on the upside.
Any views on current trading price of $1.61 and where and when it may head ?