IC TIP:
Buy
at
18.5p
Importantly, this particular approach also mitigates risk. That's because if a company is selling off assets in line or above their book value, but the share price is trading on a deep discount to net asset value, then these asset sales highlight the hidden value in a company's accounts to a wider investment community. In turn, this should prompt a re-rating - especially if the cash proceeds are being returned to shareholders.