Such a lightly traded share, which causes this to have such a large spread. It’s been underperforming for a while now but a couple of the holdings should give this a boost soon with the rail sector picking up. Even with a large spread patience can be rewarded. I bought for around 34p 3 months back, now up around 30% in such a short time and still at a huge discount to NAV.
There has been a lot of interest in this lately. I think many, as management have already stated are expecting a substantial uplift in NAV. Exscientia alone could quite possibly add tens of millions to the NAV.