News blog
Airsprung Group
- BY: Andrew Hore |
- POSTED: 28/06/2011 |
Property investor Andrew Perloff has taken his stake in beds and furniture manufacturer Airsprung Group to 12.7% following the purchase of Schroders’ 7.9% stake.
Redbird Holdings is Airsprung’s largest shareholder with 29.9%, while chief executive Tony Lisanti owns 14.7%.
At 25.5p a share, Airsprung is valued at £6.09m. The share price has edged up on the back of Perloff’s buying. The shares are still trading at a discount to net tangible assets of more than one-third.
That asset value includes land and buildings that were valued at £4.95m (before depreciation) at an open market value on 1 April 1997.
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