9 December 2021 - sale of investment
It is interesting to note that the company has sold its investment in Vertu Motors, one of the other stocks which we follow and netted a useful profit in the process. The sale realised proceeds of some £1.0m and this has generated a profit of £0.4m. The company only made its initial investment in May 2021 and so clearly this is an excellent return. We comment elsewhere on today's trading statement from Vertu but we continue to believe shares in CIP are a BUY
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