Exactly what fundamentals are you looking at?The book value of...

Exactly what fundamentals are you looking at?

The book value of the trust is $2.78.
They were predicting an annual profit of $235 mill which is around 40 cents per share. That is likely to be cut to an annual profit of between $50 -$100 mill which is around 12-20 cents a share. There is no way it will get anywhere close to $1.

If the debacle is restricted to Wembley then within 2-3 years the company could be as strong as ever. I remember when ALL was trading around 80 cents, now $10++

A wise investor will wait until the dust settles, make sure the problems are limited to Wembley and then pounce. This company has been around since 1962, has a very strong history, assets and cash to get itself out of this situation.