Bought at: 26p (August 2011) and 36p (April 2012)
Sold at: 45p (April 2012)
SHARES CAN LEAD A lonely life on stock exchanges. If they disappoint investors, they are soon overlooked, even forgotten altogether. Analyst coverage dries up as the share price dwindles – when a share becomes small and unloved it no longer pays to produce such material. But this also means that opportunities are created for value investors. Amongst this group of stocks some great value buys are always hidden.
It is amazing to consider that stocks can be found which are worth less than the cash on their balance sheet. But they most definitely can. By buying them you are purchasing cash at a discount – like paying £20 for a £50 note. ...