RE: Very quite on here,27 Apr 2018 21:08
Yes it is .
But we have a gradual lift upwards.
As I have said before the insurance industry has been mucked about by Govt with the Ogden discount rate mess causing involved companies to review their reserves.
I believe that this has given clever IIs the opportunities to gain advantage at a low SP .
I don't think the BOD has to be concerned with the SP - given that the market rules. If BOD were to commit cash to buyback that would eat up cash destined for future profit.
The balance sheet seems sound - so "let it be"
A little different from some of my earlier postings pre results - but there is no need for BOD to want the SP higher unless they need to borrow. That matter appears to be sorted.
I remain optimistic but impatient - as are others.