Q: Hello Peter,
Your decision to sell IT took me by surprise. After holding it for nearly two years through short attacks and volatility, you have decided to give up on it just when things seem to be falling in place, with the awaited catalyst and an upward momentum. What has changed?
Is the valuation that was earlier considered cheap at this price is not cheap today? Has the growth slowed? Or is the financing and cash flow not good enough? Do you anticipate IT to trade at even lower multiple in London?
I would appreciate if you could give your opinion on the questions above. In addition , any further elaboration on your decision will be appreciated.
Regards.
Your decision to sell IT took me by surprise. After holding it for nearly two years through short attacks and volatility, you have decided to give up on it just when things seem to be falling in place, with the awaited catalyst and an upward momentum. What has changed?
Is the valuation that was earlier considered cheap at this price is not cheap today? Has the growth slowed? Or is the financing and cash flow not good enough? Do you anticipate IT to trade at even lower multiple in London?
I would appreciate if you could give your opinion on the questions above. In addition , any further elaboration on your decision will be appreciated.
Regards.