taking into account just the value of the holding in KAH would give you about £22 million and the market cap of EML is £16.5 million which is only three quarters of the value of the KAH holding that is forgetting anything else that EML are doing apart from KAH..
thats good to see, i've topped up again over the last couple of days as I'm confident in my research and everyone elses postings that these are genuinely undervalued