PSPI has announced largely irrelevant 2015 results now that it has almost completed the disposal programme of its investment properties. These properties have been included in the end 2015 NAV at their sale value. The total net sale proceeds of €8.2m will be added to the £6.1m of cash balances and be used for working capital purposes, pending a proposed return of capital to shareholders in due course. With the share price having moved close to our 52p TP we now move to a Neutral re ....