Beware. Again.14 Jun 2017 14:45
I posted this a few months ago and nothing has really changed ? Check the old RNS's unless just a big risky gamble ? Best luck whatever..
Anyone thinking of a punt .. This has a negative NAV -50.2p per share. The remaining properties for sale amount to
£16.8m they are tied to Barclays bank as part of repayment of a £77.4m borrowed facility with a close date of 31 Oct 2018. The 2016 figures have just been published and it is only seen as a going concern to repay some of the crippling borrowings. I will print below the closing paragraph from the recent Chairman's statement with a link.
BEWARE ! BEWARE ! you have been told..
" As the Board has previously stated, the sales process will not
result in any return to ordinary shareholders after repayment of
the Trust’s bank borrowings, to the extent that this is possible,
has taken place.