According to David Potter (Chairman), the change of name has no impact on shareholders holdings. He also said that now the name has been changed there will be the implementation of a marketing strategy including presentations to potential investors.
RNS out today states that at 14 August 2015 the unaudited net asset value (NAV) per ordinary share was 987.80 pence. Will be updated weekly from now on, so hopefully get some interest in shares at current price - nearly 20% discount.
Based on the number of new shares data released from the 6th Aug GM, and current market price of the key investments (IMO / SAL / CSI / MGR) this has an approx. NAV of £10.40/share in "new money" terms.
Nice upside in prospect, both in terms of growth of these current investments and (hopefully) market reaction to a re-stated NAV from Spark at some point soon.
Recent RNS's describe the consolidation and shareholders should have seen their portfolio of Spark shares adjusted on a 1:200, today, by your broker (ie: if you had 1000 shares yesterday, you'll see that converted to 5 shares from today).
Datafeed and UK data supplied by NBTrader and Digital Look.
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