RE: Good bounce today2 Mar 2021 11:07
Net asset value following the disposal will be about 16.5p ( including cash of about 10.5p) & if our Haydock Freehold is sold for , or revalued at ,say £2.5mil,that would increase to around 19p.The value of our remaining ( & profitable ) subsidiaries , if sold could add a further 5/6p , increasing our prospective asset value to around 25p.
As I have said previously , I reckon JG , in his 70s, is looking for a decent exit for his shareholding & he will either dispose of the remaining assets, make a capital distribution & reduction of capital, leaving a clean shell for a company to reverse into , or he will have identified a larger private company in a similar sector to reverse in once all capital movements have been resolved.
Either way , provides an opportunity for a gracious exit for all long term very stale bulls & a very decent exit for those buying around 5p late last year .Most of us, including JG , will be glad of an exit