Q: Hi 5i
Given recent news and increase in share price would 5i continue to be holders or would they be sellers.... and why?
The sp decline last week was very discouraging but the sp pop monday was very encouraging..... However trying to capture a diminishing upside is a risk since as you say there are no guarantees... I believe your estimated upside was around $40 canadian... As investors how would 5i analyse this decision to reduce emotional element...
thx
Given recent news and increase in share price would 5i continue to be holders or would they be sellers.... and why?
The sp decline last week was very discouraging but the sp pop monday was very encouraging..... However trying to capture a diminishing upside is a risk since as you say there are no guarantees... I believe your estimated upside was around $40 canadian... As investors how would 5i analyse this decision to reduce emotional element...
thx
5i Research Answer:
The longer there is no news the more inclined we would be to be sellers. We were leaning to this anyway (in our model portfolio) so the deal news was a welcome event. To reduce missing out on recent gains and to eliminate any emotions, we would be OK soon selling a 1/3 position more or less in line, and keeping the balance to await further developments.