I was introduced to this stock by the Macquarie smaller companies fund analyst that had a substantial position.
I would say that the company has significantly failed to deliver on what they were promising to do...and they have had almost 3 years to deliver on those objectives.
Fundies simply are not long term investors and mostly turn over their portfolio each year.
I have grave concerns about the CBD business model and think the insto holders are stuck there due to lack of liquidity. This will continue to put pressure the SP.
Kiril
CBD Price at posting:
4.3¢ Sentiment: None Disclosure: Not Held