T23 I'm out of CIX for the time being. Got a bit sick n tired of...

T23

I'm out of CIX for the time being. Got a bit sick n tired of waiting for Kirk to say or do something. Don't get me wrong, in the long-term CIX is vastly undervalued (perhaps a takeover target itself once capital is no longer an issue for the big boys) but in the short term I think there are better plays out there. Kirk has failed to capitalise on good 2008 results by defining 2009 objectives: by keeping his cards close to his chest (he doesn't like putting 'em out there for someone to have a swipe at) he also runs the risk of disenfranchising that part of his share registry that look to hold for short and medium-term gains.

May re-enter later in the year when CIX decides to provide some earnings guidance - however I can't see this happening until September / October.

Will keep an eye on it.

Best regards
Kit