Initial reaction only.Investors see no debt , buy. The company is only a shadow of its former self. It should be delisted to allow management freedom to get it back on track unfettered by all the additional responsibilities that go with a public listing. If they do decide to take it private they will have to pay a premium above market price to shareholders. If the share price increases then so will the premium so it would seem better to take it private sooner rather rhan later. We will see.
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Ann: Half Yearly Report and Accounts, page-11
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