EarlyBird30 Apr 2014 14:17
Yes, it's moving on tiny volume. If you take the 13+p NAV it's a great entry price.
But this does not tell the whole story, for we take a conservative view when valuing our portfolio: were we to have valued our investments at mid-price, the value would have been increased by £335,000; were we not to have applied a discount for size to the values of five companies where we hold 7% or more of the shares in issue, the value would have increased by a further £730,000. Therefore, on a strict mid-market basis, the value per share would have been 13.37p with a share price discount of 56%.