Henderson Fund

Check the link below for more info on the fund TSM want to sell to:

http://www.trustnetoffshore.com/Fac...DC&fundCode=GKF50&pagetype=portfoliobreakdown

Looks interesting, a lot of fixed interest there. Seems to me that they won't be shorting and that they are a conservative fund.

A good vote of confidence.

Also most of the expansion, delisting and CAPEX costs have now been paid for so profits could grow quickly (even more).

The GBP vs AUD isn't amazing at the moment but let's see what a few more rate cuts bring. Even with the Brexit I am more bullish on the UK economy. From the ann it seems that the IPO may now be cancelled, any thoughts? Anyone selling into the buy back?