jp morgan valuation, page-20

re: brokers valuation HDR has underlying value. However sentiment is ruling the day, and has done so for the last 18 months with the stock. Rather than fight against market sentiment, people should be prepared to trade the sentiment. Otherwise it's hard to see how you can make money from it. In this context, current market weakness should be seen as a potential trading opportunity. A satisfacory resolution of Tiof will be a trigger to take a longer term position. Just my humble opinion after a few reds. Cheers to holders