Thoughts on IGL Share Purchase Plan & the new norm for markets
Hi You've frequently made comments along the line of this from Mondays report "a move of magnitude, macro perception and sentiment that would usually have taken say 6 months to unfold is now often complete in just a matter of weeks". Clearly the market is responding to news much more quickly than it used to. My question is do you think this will be the "new normal" and is it just happening because of the current state of the market or do you think the market will settle back into a more long-term pattern of behaviour. Or is it simply impossible to tell!! Also, at first glance the IGL share purchase plan announced today looks like good value. Any thoughts (I notice Shaw and Partners are underwriting the institutional offer)? I'm a very happy recent holder of IGL. Cheers Carl
