Didn’t surprise me- market a little on the edge- and most inflation due to war, petrol prices, transport prices, Australian floods, Chinese lockdowns, etc. Fed probably recognises markets on a knife edge- last couple of months house prices dropped, new house approvals dropped, bankruptcies up, builders going broke. Need some good news- pretty dire times and hopefully we’re at the bottom. Definitely room for CI1 to make money- if it can structure it’s business to meet the times and if CEO doesn’t get too greedy- like he has been. If Co can address its strengths, drop CEOs pay to a reasonable rate, start to announce profits, mention the word divis and market itself better, then the bottomsbeen in snd there’s good potential looking forward!
CI1 Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
(20min delay)