Understanding of an RNS ;
Accounting can be very mysterious and mystical , take the RNS dated 10 april , 2013 .
What it tells us , as far as I can ascertain .St Petersburg property sold to Fitzroy ventures for ( in euros )
5.5 cash + 1.9 loan notes = 7.4 + 0.2 to come later . ( The 0.2 and 1.1 gain is disregarded ,ie into next year`s accounts ).
That leaves cash in bank of 6.4 / 6.25 ( after expenses ,perhaps ). The other being paid to the bank .
Now , today this company has a market capitalisation of £ 3 million ( approximately ) .
That is if you buy at 10p per share .
Plus , next year ,you will already be a 1.3 million in profit company . ( £ 1.1 )
On my mathematics that leaves a discrepancy of £3 million / Undervalue .Or at least £2million ( cash )
Thus , strong buy reiteration is the only option . Because the share price should be circa 16 / 20p .
Of course , we shall add nothing for the court case . Just in case ( cash is king ).
Hope this helps and that it is correct .
Good luck all concerned ( especially our legals , come on Barnaby you can do it ) .
One thing to add . About time a holding RNS was issued ( someone bought these shares ) .
Happy trading and may your prophet go with you .