Trading update in FEB12 Apr 2010 12:18
Bits I like
TRADING UPDATE
Thu, 4th Feb 2010 07:00
RNS Number : 6588G
D1 Oils Plc
04 February 2010
"Cash at bank at 31 December 2009: £9.0m,
The Company has exchanged contracts for the sale of the Company's Bromborough site for £2.6m, in line with the Independent Directors' expectations, and at a £0.5m premium to its book value"
Bearing in mind they had £9m cash and made a £0.5m premium on asset sale, market cap today is just over £5m. Asset strip and this share should be worth more.