Originally Posted by
KJMLimited
Probably a bit naughty for IFT to keep the approach a secret. In most investor minds it would be material information and therefore disclosable immediately. The fact is that the market doesn't believe what the Board is saying about IFT being undervalued, otherwise the share price would already have been near the bid price wouldn't it? That this was the situation rests with the Board, who have failed to recognise that shareholder value could have been enhanced by disclosure. I feel sorry for those who sold IFT shares between 18th Oct and yesterday - they have been done a disservice by the Board.