RE: Up 45%13 Nov 2017 16:23
OK I am going to be nice..
5% of Telstar sold for 600k USD as per rns a week ago. The company have 47.5% remaining..so that a value for remaining holding of ( 47.5/5) * 600k = 5.7m USD.. the carry value of the asset in last results was 1m pounds.. so we have 600k USD sold and 5.7m USD remaining.. that's 6.3m USD! Which is 4.85m pounds... so an increase in nav of 3.85m pounds! Plus cash of 1m and no debt.. massive rerate just started!!