RE: Write downs8 May 2017 13:43
My take is that it is a prudent step, as value of INSP has fallen. Should it rise, or they sell their holding at higher level than lowered book value, then the can book a profit. However, the key point is that Oct's business model has changed to now really focus on its GIS investment.
In terms of whether INSP is investible or not, I just note some further investing by their BOD - Mr Gunn today.