CID citadel pooled development limited

CID - way undervalued and distributing assets to h

  1. 623 Posts.
    This stock is basically a venture capital fund and invests in small listed and unlisted companies. Trading at 14 cents - net assets worth around 34 cents. Directors are large shareholders so in order to get there value back from the stock they are gradually returning cash and distributing the stocks it owns to shareholders. Last distribution was IAS (worth about 5 cents a share to CID holders). You need to be patient but in the end should make upwards of 100% return on your money as they distribute assets and most likely wind up company or make it a backdoor listing for another company. I believe little downside if you are patient.

    I hold em

    cheers
    hots
 
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