IPF Jitters1 Aug 2014 09:44
I've been building up a shareholding in IPF and - before this week's statement - I thought (no, expected) this share to be capable of reaching the high 600's before 31Dec2015, maybe even breaking thru' 700.
While I understand the "concern" of the company incurring a "charge of £22.60m on a Eurobond buy-back, profits (not includng this issue over the Eurobonds) are up 11% (to £47.10m).
I took advantage of the 10% drop in the shareprice (from 590 to 540) and increased my holding by 25%.