LFC ceo "The Share Price is seriously undervalued

London Forfaiting 13.25 pence.Check out Citywire,Chief Executive Jack Wilson "The Stock Market has taken us down to a stupid level.The Share price is seriously undervalued.Obviously I think it's cheap otherwise I wouldn't have bought."

Comments were made when the share price was trading at around 10 pence against 13.25 currently.Company has Net Asset Value of 27 pence a share and assets are valued "conservatively,prudently and comprehensively.

Prospective earnings for the year to Dec 2002 put the shares on a multiple of just 2.

Regards