I suspect that the reason why the SP hasn't gone further is because of the following comment on page 2 of the announcement;
"The decision to divest CMI, aligns with ECL’s portfolio optimisation strategy. Proceeds delivered by the divestment will allow ECL to strategically re-allocate its capital resources to take advantage of emerging investment opportunities, further strengthening ECL’s position as a leading Australian Listed Investment Company."
ECL Price at posting:
$3.25 Sentiment: Hold Disclosure: Held
