TER UNDERVALUED FAIR VALUE $1.20, page-12

In the short term sp is bound to drop going ex div - most stocks do - mid 60's?? Share prices tend to recover in time - there was a good run up to just over a dollar a short while ago but in hindsight, obviously a little to far. The fall back is rather savage and more to come going ex.

If profits are made, the sp should run up again prior to another divvie - meanwhile, some divvie cash and franking tax help for later in the year. Sp downward movements are never pretty if needing to sell or if missing a high point - but perhaps good for buying. Happy with the upcoming divvie - almost 10% ff at current sp price - surprised at sharp sp pullback - the whiff of a court case doesn't help.