Orbis could have sold for any number of reasons. Better opportunity elsewhere, rebalance their portfolio (theyve made money on this so far). I sold some of my holding recently to invest elsewhere but only because my shareholding value in CER had moved quite a bit above my comfort level in any one stock (because of the SP increase).
Anyway, I dont give a toss what substantial shareholders do or what analysts recommend. If we had listened to the "experts" during the GFC where would be now?
Trust your own judgement. CER is fine for me. Happy to hold until it goes up a lot further.
PS. I have a lot of time for ORBIS - I like the Cos they invest in.
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