Yes, overdone. The bit they're selling has done much worse than expected, which makes the price they got even better! Remaining business also marginally behind, but record order book. Does this deserve 40% fall? No IMV. Indeed I'd go as far as to say the mkt has been a bit of a bell end on this one......
....when this gets bought out Gerry. I think there's a reasonable chance of this medium-term given the quality of PBS. Since August, I've made back half the losses I had in the stock from the previous 2 years. I'll be breakeven at 22p. Finalization of the deal leads to 25p in short order IMO. We'll see.....
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