IERE7 Sep 2015 13:37
Next RNS could just be another standstill extension. Which is good news, it signifies the continuing support of the mezzanine lenders, and their confidence that this business will be turned around. Typically as a REIT it would trade at its NAV, which at 30million gives a rise of around 4000%. And then there's the potential of the NAV increasing - 10% increase in property values adds something like 20 million! Or of course it could go to the wall, but the signals from the lenders are this won't happen. You pays your money and you takes your chance!