techmark,
I'm not sure "the market" has been valuing this one for ages. Look at the graphs; when Bonnier came along with his 'bid' at 35p, see how it sits either side of that figure like a rock for weeks until the re-structuring is completed. When the life-saving re-financing is carried out, I am told weeks before by an established City 'player' that 'it's going to 60p' - which is exactly where it went. It's market manipulation, mate, and those who've made serious money either knew or were lucky. That's why I'm not prepared to play - it's beyond our control - but in the end it can't escape the inevitable; one day, it just has to make a profit or die.
Regards, Ian
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