MIDAS VERDICT:

Foresight has made tangible progress since flotation but the shares have not kept pace. This should change over time. Like Bill Ackman, Bernard Fairman not only founded Foresight, he has also put millions of pounds of his own money into the business, owning nearly 30 per cent of the shares. That makes him highly motivated to deliver. At £4.70, existing investors should hold, while new investors could find value at current levels.