Caffyns2 Jul 2015 15:24
had this one for ages and always anticipated it being taken out by a larger player, Drawbacks are large family holders and problems with pension fund deficit. They now have an agreement on funding the latter so an impediment removed.
Some lovely property assets on good sites and I agree actual NAV far higher than the share price. it always seems it should be doing better than it is. Rather small market capitalisation which means it is under the radar of any Fund Manager and equally poor liquidity