C.H.Bailey is primarily a Cardiff outfit with interests in ship repair and the interims on 23rd December were probably missed by the majority because they were too busy buying presents for their loved ones.The fact is,however,that the real interest may lie in the true NAV of this company.
They own Land in Cardiff with potential for development and,indeed,they are in discussion to sell that for development.
They own a hotel on a prime development site in Malta.
They own a safari park franchise in Africa.
The shares raced ahead to 22p in the belief that the Cardiff deal would be done and have fallen back to 17p because negotiations are still ongoing.So what,I think the fall is overdone and there will be an immediate bounce if the deal goes through.
The development potential in Malta could be mouth-watering but that is not in the price.
The safari park is profitable and the ship repair acquisitions they have made should produce profits over the next 12 months.
The board is trying to rationalise a complicated share structure and ,therefore,you need to read all the RNS announcements over the last few months.Nonetheless,there is far more to this company in terms of assets than first meets the eye.DYOR.

There has been a considerable uplift in B share value this month and to-day saw a 19% recovery in the ordinary shares which cancels out the recent drift at a stroke.This may be a temporary burst of action but if it heralds a land sale announcement then watch out for some excitement.