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Does anyone have any thoughts on Esor?
Obviously have taken a hammering of late, post the sale of the Geotech division and subsequent special divi.
However currently trading at near 80% discount to NAV (tangible if I'm not mistaken). Civils loss making contracts out the way and division restructured. Pipelines growing. Developments not contributing too much, but not loss making. Bernie (CEO) sounds positive on way forward.
Maybe an overreaction in the market?
Obviously have taken a hammering of late, post the sale of the Geotech division and subsequent special divi.
However currently trading at near 80% discount to NAV (tangible if I'm not mistaken). Civils loss making contracts out the way and division restructured. Pipelines growing. Developments not contributing too much, but not loss making. Bernie (CEO) sounds positive on way forward.
Maybe an overreaction in the market?