Irrational exuberance works both ways.!
I'm inclined to believe that a poorly handled dividend cut (which could/should have been flagged in the 26Feb annual report) plus a strong whiff of insider trading and the possibility of TTXPA conversion/dilution have combined to spook a shareholder base already highly cheesed off by the disgusting (but now much reduced) performance fee.
Behind all this are two fundamentally sound businesses & despite the screw ups, I'd agree with the thread title.
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