however it seems that it will take an avalanche of positives to get this where it deserves to be. I think the end game will be takeover.When? I have no idea, but hopefully a nice announcement one morning some way down the road. Can't be much downside to this stock with land bank etc,, so quite happy to hang around and wait.
If you don't like the firm or management, divest your shareholding or speak out at the AGM. Those are your options as a shareholder.
This isn't a dividend stock and retained earnings are required to finance expansion of the balance sheet and grow earnings. If you don't like that and want a high yield sell and go and buy crest or tw. but stop moaning as you and you alone are responsible for your investment choices and can divest at any time.
A 1.3p total dividend for the year amounts to a yield of c. 2.3% at current prices which is actually pretty good for a rapidly growing AIM. In addition, ignoring EPRA NAV accounting, this currently trades at c. 1x book value on traditional metrics with a NAV of c. 57p per share and a rapidly expanding landbank with significant value locked in (as detailed by the EPRA NAV figures which are much higher than the book values). I've been buying this below 60p having sold out a while ago in the 70s and 80s and plan on continuing to do so below 60p.
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