Ann: Change of Director's Interest Notice, page-14

Thanks for preamble but no need to spin 66 to 70 etc and over state a business owner selling down a fraction of his 44% ownership . Morgans recently commended him for diluting his shareholding the way he had chosen to do it - saying that it was a positive overall for the business . And who are we to say what he needs funds for . He certainly did it tough in the early years - who could begrudge him a few more guitars now ?

I reckon two months ago you would probably have thought that mid forties SP was irrational , but now you’re prepared to buy back in at that price ? It’s all relative . I personally think there is a way to go yet and that other fundies will raise targets to Morningstar levels as they factor in potential higher earnings . Granted there are risks of a re-rating should NDaq tank etc , but the resilience in SP at these levels is impressive. It’s hardly Dotcom bubble territory as rest of WAAAX down . They big boys are just saying that its WTC that has the potential to keep on surprising on the upside .