Thanks for the clarification. My point in opposing a sale is that using 2018 as a low point in performance, the equipment division alone returns 18% net profits on the current market cap. Despite the hammering the management have got in the past year, they must have done a lot of things right to reach this level of performance in this division and could well grow it from here. It also is a great spread on risk, given the ruckus in the consumer division we have seen. When fundamental value asserts itself the share price will deliver the gains that some people are looking for from a sale of this business.
TGA Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held