RE: Good update7 Jul 2022 08:41
I sort of agree, but patience is wearing thin. The decreases in loans in forbearance and arrears does indicate that the quality of the loan book has improved. The 40% discount to 'Net Tangible Assets' could prevent any further falls in share price, and the 'unused lending headroom in excess of £60m' must offer hope for growth.
Unfortunately, I have called this wrong to date, so am reluctant to add any more at what already seem bargain prices. And with the current week market conditions, if anybody tries to bail today, I see the price dropping even further into bargain territory.