CGF 1.08% $7.03 challenger limited

Hi Patdone,I will be grateful for you opinion on CIF. At 3.05 it...

  1. 147 Posts.
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    Hi Patdone,

    I will be grateful for you opinion on CIF.
    At 3.05 it is selling way below valuation of 4.05 and paying a divi of at least 34c.

    From your extensive knowledge, is CIF paying its divi from borrowings(ala MIG) or is it cash flow postive?

    How is the offer of 3.50 going?

    Thanks
 
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