Interesting that the market sold off today after a seemingly...

Interesting that the market sold off today after a seemingly positive announcement. TGA doing a share buy back is a positive announcement as they're willing to raise the value of each share. I would also see this as a way to reject the unaudited takeover as share prices would be higher and make it harder for Somers to gain 50% or greater market share. I don't think market realises that TGA has an underlying value of 36c based on their sustained cashflow and ROE. TGA is very undervalued right now...