Interesting5 Dec 2016 09:06
As mentioned, St Modwen’s, issued a trading update today (5th Dec). Understandably, a cautious, guarded and well composed update by the new man at the helm. But no figures to chew over.
So far the SP has only increased a couple of pence. I wonder if anyone will realise it might be cheaper to buy the company than Nine Elms! (Company Market worth £627m with 222m shares, last NAV I could find was £4.81, so company actual worth £1067m).
A simplistic calculation, but interesting.