"you posted here (https://hotcopper.com.au/threads/finally-no-longer-expensive.4333994/page-20?post_id=34845348) that you view CTX as fully valued and considering selling your shares. In an earlier post you’ve indicated CTX’s
share price is closer to $40. Keen to understand your thoughts as to whether anything has changed? Thanks."
@jiantan86 ,
I think something has got lost in translation.
If you read the post in which a $40 price level is referenced, viz. https://hotcopper.com.au/posts/34272555/single, you will see that the theoretical $40 price level is mutually inclusive with the structured off-market buyback.
And it is the buyback into which I intend selling my shares.
So, there is consistency with my selling intention and $40.
(I suspect you might have interpreted my selling intention as being imminent, and on-market, when that is not the case.)
Of course, all of this assumes that CTX is, in fact, going to spin-off its property portfolio and undertake an structured off-market share buyback in the way that I envisage which, it has to be recognised, is only my opinion of what might transpire. If it doesn't, I will see no need to sell my shares.
Hope that clears it up.
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Open | High | Low | Value | Volume |
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---|---|---|
2 | 1868 | $33.65 |
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2 | 467 | 33.600 |
1 | 150 | 33.550 |
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4 | 951 | 33.100 |
Price($) | Vol. | No. |
---|---|---|
33.800 | 500 | 1 |
33.990 | 182 | 1 |
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