Riddler NAV Query7 Jun 2010 12:28
Was doing some research on property companies valued at well below their NAV (as a holder of QED we are approaching a discount of 70%) and was amazed to see HIRCO at a discount of about 80%. As you may know QED is FTSE listed but upset some ii's with its big discounted Rights Issue but IMO its still a bargain, but what have HIRCO done to ge this diso**** treatment!? Anyway based on the NAV discount alone its seems a good time to buy. Thanks, Tom