Can someone help me understand this:
Residential Secure Income (LON:RESI) management they are going to wind down the assets to maximise shareholder return. The NAV of their assets are discounted to the current share price by more than 30%.
The book cost per share is 83.8p and the current share price is 58p.
Also the insiders seem to have bought a number of shares in the past (at higher than the current share price) - so unwinding seems to align their interests with other shareholders.
So potentially is there a 25.4p per share gain (44%) upside (appreciate there will be costs to dispose and it is dependent of the valuations and price achieved disposing of properties)?
Is that correct?
