In my personal view price re rating is led by 2factors:-
- Growth driven earnings
- Industry tailwind in Reality. This acts as a proxy
By doing nothing for shareholders do you mean dividend or buy backs ?
My personal view is having a strong earning momentum is the best way to create shareholder value. Typically buy backs and special dividends are given when company has excess cash and not enough places to invest. I blv Carysil has not reached that maturity level yet.
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