Inflation tends to transfer wealth from those with savings and financial assets to those with debt and material assets. The caveat is that the debt and cost of asset ownership must be serviceable despite rising interest rates and other costs. I think CIP can and will do both because it is a position to pass on rising costs and so IMHO is a pretty good stock to hold during times of inflation.
Inflation tends to transfer wealth from those with savings and...
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Last
$3.18 |
Change
-0.030(0.93%) |
Mkt cap ! $2.019B | |||
| Open | High | Low | Value | Volume |
| $3.19 | $3.20 | $3.16 | $2.744M | 863.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2463 | $3.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.18 | 25136 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$3.18 |
Change
-0.030 ( 0.94 %) |
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| Open | High | Low | Volume | ||
| $3.18 | $3.20 | $3.16 | 154305 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| CIP (ASX) Chart |