Watching keenly to buy
I wrote about Capital Appreciation when it initially listed and was trading at around 120c. At the time I was not impressed as the net asset value (NAV) is only 80c and, importantly, that NAV is cash as it’s a special purpose acquisition company (SPAC), and it needs to make a deal. Thus far Captial Appreciation hasn’t conducted one, but with a very impressive board I expect it will pull off a deal and I am watching the share closely. If the share reaches the low 80s ( just above NAV) I would be a buyer.