A number of days ago for a nice 50% profit. Shame nobody listened to my previous posts, but nevermind Quite like talking to myself sometimes. Lol. Back in Lmi as can see massive upside from their lowly sp.
Is low because the money we would get back on the sale of their assets would reduce if they LOST the arbitrations. But look at RNS from friday. Buy the way for those who know me not looking at afpo's sp this week. Gulp
So the aim of the company is to sell all of its assets, pass money onto share holders and wind up the company. Fair value at the moment is 38 Million and at the moment market cap is 11 million. Fair value will increase a little if we win the arbitrations which we are doing. Look at RNS from friday.Lots of upside I'n sp from here me thinks
So last December the nav was 24.1pps (60 mil) and this June 15.2pps (38Mil). Why the drop. Well because of the Arbitration. Now have a look at todays morket cap and todays RNS and make your own mind up
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