If you’re interested, read some of the interviews with Dom about his Destra days. One of the things he swore he’d never do again was put all his eggs in one basket (if you’re unfamiliar, he leveraged his Destra shares to purchase more Destra shares and ended up losing a lot). I’m never a fan of directors selling but in his defence he purchased several times when the price was significantly lower (look back) and if he was any other investor this would look like prudent fiscal management.
I remain bullish looking towards the HY results. At this point debt should be minimalised, continued growth should be demonstrated, and the fact there have been no more ‘once offs’ incurred for the reporting period should see CM8 show up green on more investors’ screens.
CM8 Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
