I am watching this share as I like to invest in organisations that sharply fall for what I see as unfair circumstances.

On paper this company has £115 million in the bank has profit before tax of £48 million a gearing of -58% and a total yield at todays price at 124.5p of 6%.

Besides the Regal fiasco which from what i can see was only for raising £45 million they have lost over £66 million in value. ( they cold have funded all the shares themselves and been better off)

On the above basis this looks like a strong buy to me but I would like to know if anyone has any other news as to why this share has fallen so steeply that i am missing