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I must admit that TW is not the most polite and endearing character, but unfortunately people on here play the man not the ball. If you disagree with TW's analysis, can you explain why?? The present NAV of sefton is very,very much less than capitalisation. The deal on the cards should produce profits of around £600k, and that is without paying for it. Even if sefton got the assets for free, it would still be overcapitalised at the present share price.
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