Ann: Supplementary Target's Statement , page-6

  1. LZA
    1,858 Posts.
    quarterly report just issued ; the news is good!

    NTA = 10.9 c
    NOI = .2 c
    PROPERTY VALUES UP, TENNACY SAME AT 88%, GEARING DOWN TO 61%.

    it is clear that EPN were hoping to pick up the company on the cheap, in a recovering market. l doubt they will get many acceptances at this offer price now.
 
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