Yeah I am happy with my decision. Difficult decisions often sting initially, but the sting passes. Plus like you said I can use the crystallised capital loss this FY.
It's fallen out of a number indexes and was removed from the ASX200, so I believe there will be less institutional demand going forward. The AUDNZD has also risen, so the investment is generating less income due to FX.
In my eyes, the alternative was to hold on for several years and there is a lot of uncertainty around their transformation effectiveness, 'difficult environment' and data centre strategy over the medium term.
There's nothing stopping me from buying back in the future if the org can actually execute and improve on those things. Cheers
SPK Price at posting:
$2.05 Sentiment: Sell Disclosure: Not Held
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