if cutter is a dud

then I am afraid, old TAP is going to be punished severely

maybe down to 1.40, I feel the damage will be limited for a number of reasons
1 cash 112 mn
2 bricklanding in DEC
3 8.5 mn shares to be bought back and I think further buyback will occur sub 1.55 as they have done previously
4 numerous analysts have this as a buy, as I have detailed previously

on the other hand if cutter is a success !