This stock has been on my monitor for a while now.

In early Dec the co. issued an RNS stating its NAV was 14p per share, since then one of its investments (SFU) has increased in value by 50%.

This may now give a NAV of 16p+, a 60% discount to the current price.

The price spikes on any decent volume, on Friday there were some decent sized trades and the price responded accordingly.

Following the success of its SFU investment (which is still performing strongly) the co. may decide to update the market via an RNS. The price spiked then as its potential and undervalue was highlighted.

The same will happen again when the market is updated.

Anyone else follow this share???

SW (Still Holding CYH as well)

Looks to be starting its rise again supported by the recent performance from SFU & HIF.

Results out in approx. 3 weeks..

In for some more first thing.

Looks like WSS have excercised some of their cheap options on SFU to take advantage of the increase in price, SFU now over 30p compared to 12p at last NAV on 28/11/03.

SFU on the move again, will WSS play catch up??

Only a fortnight now until results out..