If you look at this stock's history of trading at discount to...

If you look at this stock's history of trading at discount to NTA backing, 30% or so is the norm. So don't expect any re-rating in the short-term.

In fact, while there is the issue of potential dilution from LRF2 (who knows how the directors will handle this given their track record) I doubt there will be any change in the medium term.

Have held in the past, however their past approach to holders doesn't inspire me to commit to them for the long-term. Maybe my memory is just too long for my own good.

MJS