Giving this some thought.14 May 2022 22:00
It is very hard to pick possible winners in this market. Stumbled on this and read up everything.My verdict is that overall it is correctly valued. Bisichi will be out of coal in 3-4 years unless it invests in more. My guesstimate is that it is going to reinvest in property rather than take on more coal. LAP is small but well managed and its likely future is merger/takeover within property, probably offering a Main listing to an AIM stock.
I am aware that its figures are a bit overdue and I expect them to improve. So I intend to watch carefully and if I can take a few at or below 20p, then I shall, because that would represent value with minimal downside.