@edgescape I hold IPG and was a little surprised by the sell off, until I revalued the business. I thought the update was very positive. However, the share price has ‘got away’ over the last 12 months (up 74%) and has gone beyond what I call good value. Even at yesterday’s closing price ($5.43) I don’t think it’s a bargain. I have it returning just over 10% per year at the current share price. I think it’s a solid business which is performing well and it is now fairly priced. I don’t know what some investors were expecting, but obviously much more than the update delivered!