The new CEO and board have done a remarkable job of turning TAP around through some excellent transactions.
Once TAP have income from Manora on steam I believe there will be a huge re-rating. Bacci is correct, the market is valuing TAP on the lack of performance from the existing board and management.
This is where the best value opportunities are created.
Cheers Oz
TAP Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held