hostile takeover bid given the current shareprice.
Did anyone see the intangibles? Went from $27.7M to $122.4M. That is, their net assets of $269.6M includes said intangibles. Strip that out and the NAV drops 45% to $147.2M-not nearly as nice.
I am considering buying, but I've been waiting, watching this fall from $3.60.
Ann: Half Yearly Report and Accounts , page-13
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