i had a pretty long response written initially to you of how...

i had a pretty long response written initially to you of how this is a measure of revenue and etc. but think it is not important, the importance lies in the comparison to AMU peers, the lower the value against the peers the bigger the perceived undervaluation of the company

SP is holding up well, the buyback will probably be approved which will put a floor under the price but will it actually result in any SP gains? from my experience this almost never happens but then this buyback is quite substantial...

it's probably good value at 22c and relatively good investment with floor in place (after buyback approved) and possible upside (if business sold)