I think many adjusted holdings on quarterly day, many to rebuy lower.
Agreed on the material news needed for a rerate, the sentiment for the time being is destroyed. In saying that, with note of mismanagement of certain aspects of the business in midst of covid this quarter/not disclosing them, they did land Blackmores and an incredible China contract this quarter.
That's definitely not to be scoffed at, I think the market has thrown the baby out with the bath water with FIJ, forgetting the incredible contracts with revenue yet to be recognised to date.
We are now trading lower than before the China deal & we have been through a CR, all cashed up to fulfill on those new contracts. In that respect, oversold in hysteria that is across the market at this point in time is a fair assessment. I also think it's fair to criticise certain management issues as disclosed in today's announcement. Should be a nice kick going forward for them.
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