re: where is ciy heading. It just needed a trigger.Today we had...

re: where is ciy heading. It just needed a trigger.
Today we had March CPI figures - prospects of higher inflation and higher interest rates. Everyone claiming higher pay, teachers, police, etc., supermarkets ripping us left and right, topped off with more bad news about petrol prices.
That's not great for anyone let alone CIY, who are struggling with the cashflow - evidenced by the last minute change in the way the dividend was paid, and the entrance of Fortress into the scene.
I don't know what happens if ppl continue to pull their money, and they need to finance their property developments. It means more borrowing, and the market doesn't like it.
The 180 freeze alone will cause most ppl to pull their money. Their rate is high to keep ppl in.

Their Income Fund is paying 7.60%.
Some banks pay that.

Fortress have the money - they might end up owning the show.