We bought on 26 June at 16.5c and 27 June at 15.5c. The...

We bought on 26 June at 16.5c and 27 June at 15.5c. The important thing in investing is to have the courage of your convictions. Whatever you thought about the business (it isn't a great quality business, has powerful customers and customer concentration risk etc.) it was unambiguously cheap at prices below 25c.

The extra protection was that it was/is run by a singularly focused and high-quality CEO with a significant equity stake and demonstrated skill in operating the assets.

It pays not to take your cues from the jittery actions of Mr. Market - Eternalgrowth