daytrades march 24 afternoon, page-17

TCM - used to have em on watchlist, was surprised Hudson Res couldn't extract any value from their 20m unlisted options @ 30c when TCM traded in the 40's, company ended up doing placement at 34c and options expired worthless.

HRS - spin outs have done quite well with the exception of TCM, take a look at ABZ & SOC plus the recent purchase of AXE shares.

I trade HRS from time to time as they often are at a discount to the value of their listed stocks, if the gap grows wide enough, i'll have a punt. DGR is similar as they too have spin offs and often trade the discount if it's big enough.

Shaw stockbroking have TCM intrinsic valuation at 40c per share fwiw in HRS preso