any advice, page-2

i have no view on fxr.

however, i do think that the market is being very kind to CIX right now. Intermediated commercial lines insurance is a very tough market right now. I don't think that this is fully appreciated as the ASX-listed environment has no pure-plays in this space. . . .direct personal lines are a much more steady business.

I think that you will not look back with disappointment if you sell CIX at these levels.