Q: Having invested in Colliers in 2020, I've seen it achieve a fourfold return on my initial investment. Considering this performance, would you advise further capital allocation to this asset? Furthermore, do you anticipate its growth rate will be sustainable at a comparable pace, particularly as the company continues to scale. Thank you.
5i Research Answer:
CIGI has done a remarkable job. It is not a huge company, and its real estate focus adds some risk. But certainly growth is expected to continue. We would be cognizant of position size, but would today see it as a decent buy for continued long term growth potential. It is hard to predict 'sustainability' but revenue has more than doubled in eight years without any major issues so far.