RE: MAFL24 Aug 2020 22:11
Can you please, if you are so inclined, ask JV to get some info to the market. The current position is to say the least, not good enough. When I look at progress over the past 12 months I can not for the life of me see justification for this expenditure:
"Our full year Administrative costs totalled £280,000, a 7.9% increase over the previous period. We believe the absolute amount is acceptable; however, we wish to continue exerting pressure on these cash costs while toiling to increase our net asset value."
How are these expenses justified....for what! There is no fluidity or dexterity here. Its stodge dead-end, cul-de-sac investment where expense far outweighs benefit or sign of activity. From end 2019 accounts we had £347K in cash. So what use of that cash has been made over the past six months to facilitate growth? That's why I say this is a lifestyle share......were paying huge admin for squat growth?