CIP.L Share Price (CIP)

Looking to rebrand and relist.....interesting.

how comes this has dropped to 40p when offer is 60p has it been rejected again?

I am in the same situation for c. £5k. The share price discount to NAV on trusts like this can be large, but the 60p offer is not high enough when the amount of cash it holds is taken into consideration.
Think though I will reluctantly take the offer (with a small gain) rather than get involved in the hassle that would otherwise follow.

Seems the bidder now owns more than 50%.
As a holder of a small c. £3k of shares should I accept and save any hassle over getting my money back or given the NAV is much higher than 60p do i hold out?

Well that was a long and boring way to lose 50 quid = getting a bit bored with these Guernsey based company dubious deals - MXC was the last one to pull something like this