Apologies: I have been madly setting up a private business of late and have not been blogging much.
I'm wrapped with the progress at APW, despite admittedly being a big critic over the last year.
The share price has been given a decent boost thanks to the court victory, which on paper is worth ~3c per share, lifting the NTA to over 15c (compared to the current price of 10c). I had no idea who would win the case: I bought APW at a massive discount to NTA when everyone hated it and assuming there was no value in the case, meaning the legal action was a free option. Free is my favourite word. The main trick has been to hold, let the story unfold and wait for the market to get more comfortable with it. Even if the court case falls over, it is still trading at a discount to NTA.
Now just need to find some more stocks like this...
Kristian
Disclosure: own APW
