Next week, page-40

Around 30% of issued shares appear to be held by insiders already, their losses are currently only paper losses. Management buyouts are usually supported by PE who by removing the company from the share market are able to make decisions to optimise the value of the company before (after 2-3 years) either disposing at a profit via a trade sale or refloating. I watch with interest as this company would appear to be grossly undervalued at present