re: Ann: Sale of non-core assets to enable de...
Reflecting on some numbers for ISF....
Todays announcement outlined they have achieved 28.5 m from net asset sales from selling a small non core part of its business which will be used to reduce debt...
This represents 1/3rd of its current market cap at $86m....selling a small non core part of its business...yes Mr Chairman I would agree with your statement at the AGM that ISF is worth more than 7 cents...and indeed more than 8 cents...looks like market knows that already and is busy with the accumulation games...noticed how those big sell stacks at 8.2 and 8.3 cents dissappeared at the closing auction.....I did...got some more at 8.1 cents...
ISF Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held