The interim results are largely irrelevant following the disposal of the remaining German properties in the first half of 2016. In early July 2016, PSPI used c.£11.5m of its available cash balances to effect a redemption through a mandatory purchase for cancellation of c.22.5m of the shares in issue at 51.0p per share. There are now 227,655 shares in issue. The remaining net assets of c.£1.2m are likely to be returned as and when some warranties on contingent and actual liabilitie
17 Aug 2016
Updated target price following interims
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Updated target price following interims
- Published:
17 Aug 2016 -
Author:
Robert Sanders -
Pages:
2
The interim results are largely irrelevant following the disposal of the remaining German properties in the first half of 2016. In early July 2016, PSPI used c.£11.5m of its available cash balances to effect a redemption through a mandatory purchase for cancellation of c.22.5m of the shares in issue at 51.0p per share. There are now 227,655 shares in issue. The remaining net assets of c.£1.2m are likely to be returned as and when some warranties on contingent and actual liabilitie