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I have spoke to the company and am happy with why we are doing this, which is to ensure we get NAV value for the great shares we are in.
My view is that this is a great low risk way to make a healthy return as even at current levels it's circa 90% return but with the shares we have which are carefully selected anything could happen with buy outs, phase results, big pharma interest - I will be stocking up continually whilst well under NAV.
In my view and Oldstockbrokers shares can either be sold or entered into the Magna fund ( Jim Mellons an advisor for them). This represents at current levels a circa 90% return however I expect NAV to be 30p by then making it a 200% return.
You know as well as I do that on AIM 83p on a 130p is as good as it gets.
IMM 60p 232p target, FRX 2.3p 10.4p target, MAGP 2.3p 4.6p target etc etc etc etc etc
I haven't recieved any forms, if you have does it seem good to you?, I have read the RNS a few times, read up on the main companies we have and spoke to the company - I am happy to buy and hold.