All of the insto's look to be offloading stock (also NAOS on TOT - 1 month after purchase?). Though I don't feel overly concerned just yet - at least the insiders have stronger hands. To the value investor I would think that TGP would screen well. may see a few new insto's in FY22.
Adimadis - I feel your pain on this. I feel trapped in there. It is something like 'continuation bias' effect, but a bit more than that - maybe a 'time-investment bias' whereby when you have research (and followed a stock) for ages, and understand it well, I find is actually hard not to invest it. (Though perhaps I should be shorting it.... ha.).
But disregarding share price action, it is in a strange period of falling market sentiment (and SP), whereas I feel the intrinsic value (measured by NTA) is increasing.
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