“The latest published Net Asset Value was £130m, or 360.9p per share, as at 31 July 2019, which represented a 3% increase, or a 4.3% increase including the dividend paid in July 2019, for the six months ended on that date. From its inception in 1990 until 31 July 2019 the group has maintained an average annual compound increase in NAV of 11.7%. The group is expected to report a positive performance for the financial year ended 31 January 2020.” What price for this track-record, current performance and ‘focussed on taking actions to reduce discount to net asset value’?… Presently, a 268p offer price and thus…
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