I have been asked for an update on Caribbean (LON:CIHL) since it is now past 50p and stands at 55.5p. Obviously this stock is dearer than it was. But there is still the possibility of a second dividend this year and, possibly, EPS are 10p p.a. with tangible net asset value up towards 100p.
I remind readers that Lord Ashcroft put in £13m cash at 38p a share a couple of months ago. He did not do this to make a trivial or insignificant gain. So although I doubt CIHL is going to zoom for a few weeks I could not possibly sell and shall not.
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Gold is starting to develop a frenzy. But we are not there yet. Thus although there may be profit-taking I am not selling. Every now and then one gets a real ride and it looks to me as if we are going to get one here.