Three bits of good news from TGAin rapid success has been most...

Three bits of good news from TGAin rapid success has been most welcome.

In spite of the $2m fine, the settlement of the ASIC matter was, IMO, good news. Resolutions of issues are generally positive for share prices, even if the price of resolutions are high.

I view the departure of Ms Joycelyn Morton as good news. She was appointed on 01/10/2011, so she was there when the profits were exaggerated by the non-impairment of the NCML-related goodwill, and the low provisioning in relation to the ASIC investigation.

I view the investment in TGA by Forrager as good news, because although a percentage of Forager's stock picks have, in hindsight, been mistakes, as a rule, Forrager picks winners.

Let us hope a few more good-news Announcements follow during this calendar year.