Buy on net assets27 May 2016 21:47
Well after the disastrous news this week what is left ? Is it possible they could get this £6m back , the answer is yes .
But for this calculation let's ignore, they say they have £70m in the bank , taking the very worst scenario that is £15m net net after claims and commissions . That works out at 11p a share if the Company closes down because of inability to offload a huge percentage of their premium income . If they can and they say they are in discussions with others the future could be very favourable . As a bet I am staying in.