Well said.
Given that the market simply refuses to recognise the blatant under-valuation of the stock following the rip-snorter price they got for the Morrisons stake, it was inevitable that some extraneous event or some third-party would at some point come along to precipitate closure of the valuation gap.
But I would have preferred it if that third-party had a more investment credibility than one who had converted 100c/share of NTA to 71c/share over the past decade - a period during which the overall market has risen by 50%.
Not exactly a well-conditioned horse to back in the race.
.
Ann: Section 203D Notice, page-31
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37.0¢ |
Change
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Mkt cap ! $46.62M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 37.0¢ | $88.86K | 239.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33473 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 187 | 1 |
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