doesn't make sense to me to have all this capital tied up doing nothing... £2m(?) property doing nothing other than harbouring a loss-making business, £3.5m cash earning a crappy 4.5% interest.
the market clearly does not care for these assets in their current form if the assets are worth £5m+ and the assets+business are worth £4m.
if i was TB i would buy back shares while they are so cheap... the 15% max buy-back is only £600k... leaving about £2.8m.
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