old_punter
22 May 2015
Re: Great results - compelling story Well, a year on and the heading could have been repeated. Today's results suggest to at least one broker that the shares look cheap vs housebuilders which have recently been very strong. So I leapt into a few but should have read your comments first about the calculation of NAV, if that is still the case it strikes me as a tad creative and perhaps accounts for the discount to updated NAV. I am aware the stock had some problems in the past but it has a couple of Lazard guys in charge, where I once earned a crust, I knew the chairman slightly, and I would be surprised if they were not playing with a straight bat, to the extent that anyone in property development does.What do people who have been following this one longer than me (about 6 hours) think?
