The nuts could well be part of the company buy back k scheme? At least the sells are slowing down. Unless I’m wrong, we should get an update in a couple of weeks.
Yes it’s crazy IMHO. Net Asset Value ("NAV") at 31 December 2024 was £695.4 million (107.4 pence per share). After paying the quarterly dividend of 1.95 pence per share
Considering the pressure pension funds are under to show a decent return, I am surprised and admit slightly concerned why the price to nav is so wide. At these levels we are talking 10% ish.
2.6% error is hardly a reason not to invest. Their dividends have been rewarding over the years and NPV considerably higher. And assets about £900m. Good luck if you are shorting but beware the update later this month. I shall continue to enjoy my dividends.