RE: Buyback update RNS29 Apr 2024 07:03
I think a huge rise in s.p coming. Starting today .
Just as a very rough calculation, we had (from memory) around £130m in cash. Ldg has bought shares in various companies , but still retained a large cash holding. All the investments are fine apart from the APH investment. This has fallen and its this decline solely responsible for the £12m loss this year.
So my very rough calc is £130m minus £12m loss = £118m. Divided by shares in issue 525m and you get around 22p per share.