I think behavioural finance theory can explain some of the moves occurring in APN currently. They also invested heavily in offshore businesses, such as Aspen Japan, in prior years, in doing so they had to increase their debt which could be of a concern to investors in an environment of rising interest rates and unpredictability. I still believe its a great company that even sold off some mature assets so that they have funds for higher growth markets. This is one that needs to be held for the long term and now probably might be a good time for acquisition of more shares for the long term guy in a solid company with some of the best management in our country. just my view. lets see in 5 and then 10 years time!
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