Andrew Hore concludes by saying: “Underlying net assets, including assets at market value, are 47.28p a share, up from 42.8p a share the previous year. This does not include any valuation on the fund management division. There should be upside from new tenants for Gdynia. The current share price is 31p, which is a 34% discount to underlying net assets.
Management has shown its ability to weather problems and take advantage of opportunities over the past two decades. The share price does not reflect the real value of the business, let alone the potential.”
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve our website.
More information about our Cookie Policy
