Inre2 Mar 2012 13:22
made an initial return of capital to shareholders of £48 million in June 2011.
Interesting play.
Total net assets are £64million(including £35mil cash(as at Jun 2011)).
Inre is valued at cash, so no value put on the investments, which are giving them revenues of around £16mil/year.
Will have to wait and see how this pans out.
Todays volume above 1milllion proves, that there is lots of interest in inre, as normal trading volumes are about 50000 shares.
Riddler thanks again, with finding this gem.