Undervalued Artisan

The worst case for a holder whose present shares don't divide exactly by 6000 is that he/she is 5999 short, at whatever level. Taking the point (immediately above) that NAV is about 6p (I make TangibleNAV at least 5.5p at the next year end) then all you have to do today is buy up to 5999 shares at 3.5p (or a tad less) to achieve 2 things -

1 To buy 5.5p of essentially land assets for 3.5p
2 To avoid the need to have your present holding compulsorily purchased at 3.25p

It is such a no-brainer that I have already done it myself. Steve