Fair value2 Mar 2017 13:32
The only way to be fairly objective about a share is to go through why you bought into it, imagine you no longer hold it and then decide would you now buy it at today's price, if not, you need to sell. I bought in at 6p on the basis of the inability of the management to destroy such a huge amount of cash in such a short time. The land situation could be a blessing as they can probably sell it , at a profit, with planning permission for private/social housing. I'm sure that once new management grasp the nettle this could get back to £1, but it will be slow and also hairy at times.