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07-11-2017, 08:43 AM
(This post was last modified: 07-11-2017, 08:49 AM by Sumeria.
Edit Reason: Spelling & grammar
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Many stocks have their admirers and detractors, and CES is no different. But with SBL and other shorting methods, we don't really know if negative prognosis of a counter is with or without vested interest.
I don't think CES' rise and fall was due to TM alone. There could be perhaps some effect but I think the positive side of it has already come and gone a couple of years ago. The recent surge in CES looks like genuine accumulation and for good reasons (none of it is due to TM): its clearing of old stock Fulcrum, sales at Grandeur, potential of Woodleigh site, revaluation surplus at Park Hotel Alexandra, and of course proven management's acumen in the business and generosity in sharing profits.
Add to all that, a RNAV of about $1.80 and a dividend yield of above 4% certainly explain CES' price trend. TM has been a written off story for a while now and I don't think CES' current share price has any of its glitter or dust on it.
I don't think CES' rise and fall was due to TM alone. There could be perhaps some effect but I think the positive side of it has already come and gone a couple of years ago. The recent surge in CES looks like genuine accumulation and for good reasons (none of it is due to TM): its clearing of old stock Fulcrum, sales at Grandeur, potential of Woodleigh site, revaluation surplus at Park Hotel Alexandra, and of course proven management's acumen in the business and generosity in sharing profits.
Add to all that, a RNAV of about $1.80 and a dividend yield of above 4% certainly explain CES' price trend. TM has been a written off story for a while now and I don't think CES' current share price has any of its glitter or dust on it.