WIND – take over arbitrage opportunity – low risk 20% upside

This is now a completely screaming buy IMHO.
I have bought a large portfolio weight at 50p – 20% of portfolio value. Posting quickly as these opportunities tend not to be around long…

WIND – are also known as Renewable Energy Generation.
The management – who know the company have offered 60p – or £61m for the assets but not the company itself…. The NAV of the company – ex intangibles – ex capitalized development is about £57m. The work in progress is on the books for £19m. If you believe that – £76m, instant 30% upside for management. I bought it today at 50p per share.
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