- Proforma cash of £44.4mn (8.3p) in price for free
- Four listed holdings worth £59.1mn (11p)
- Finsbury Foods in a takeover situation
- 41 per cent share price discount to NAV
Investor risk aversion is so extreme right now that there have been some disproportionate de-ratings of quality companies in the small and micro-cap hunting ground.
For instance, the share price of Logistics Development Group (LDG:11.4p), an investment company managed by asset management firm DBay and one of my 2023 Bargain Share Portfolio constituents, has fallen 18 per cent since I reiterated my buy call, at 13.9p, at the recent interim results (‘Exploit this double-discounted small-cap fund’, 7 September 2023).