The RNSM announced that it had sold its old factory site for ?8.575 million, which is way above the value shown in the company accounts. It looks as if this will increase the companys Balance Sheet value by approx. 35/40%. The companys Market value (based on the current share price of 42p) is under ?10 million, whilst the Balance Sheet value will be approx. 15/16 million.
This would seem to indicate a seriously undervalued (and cash rich)company.

Resumption of Trading= 7 Jan 09 - well and good, now let's see what the Market thinks of the rather-thin RNS. . . . . . . . . . . . . . . .
OOps A director buys 100k-worth....at the all-time low of 3.5p (ie immediately following the RNS declaring "..much more work is needed..." (or similar). Now, call me old-fashioned, but it seems to me that this should constitute (the start of)a closed-period for no-one can know what the news will do to "suspended" shares - - - as it happens this is his first purchase and the sp has risen about 2x so it's nice to know that Execs can prosper from bad times, even thought all their investors haven't.....Grr.


. . . . . I don't hold this stock, having little faith in the original businness or its management, sadly this shenanigans reinforces that view.
DYOR.