Any particular reason for writing off Infosum in its entirety? Or are you just trying to be ultra conservative with this one?

I guess the stronger reaction from CHRY shares reflects the much clearer, and more aggressive, capital allocation policy?

The respective share price reaction this morning does seem odd. Featurespace is c10% of IP NAV v 9% for CHRY and IP is carrying it at a decently lower val than CHRY. So as you said yesterday, arguably this is more positive for IP than CHRY.