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xtremelivin

1,925 Posts.

313

03/08/21

17:56

Post #: 55001410
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Originally posted by bobasteve: ↑

CI1 is trading at 5 times multiple of profit, absolutely mental, it's like the market do not trust the independent audit of the 18th largest audit company in Australia: Moore Stephens haha.

Interesting to see the selldown, market seems to be predicting Moore to have failed in it's audit duty to CI1? Otherwise makes little sense why the company would be trading at a trailing P/E this low.

To Keysole's point of reaching 1.1c, if it gets there i'll gladly take a huge stake, at that rate we'd be trading at near sub 4 trailing P/E and conaidering how CI1's 4e have seen sustained double digit growth year on year, a sub 2 won't be out of the picture.

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Moore stephens have been decived before infact theres a famous landmark case in the UK about it.

Stone & Rolls Ltd v Moore Stephens

CI1 Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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