"Either way, externally appraised recent book value in the accounts should be pretty accurate."

I know you will know this already, I guess this is more for myself and others relatively new to the company, and I appreciate it is very much them taking their book, but watching the online investor webinar/Analyst Q&A from a few weeks ago, they did field questions from analysts on the appraisals to which they confirmed that the latest values did take into account the lower take up of places.

They also from what I remember specifically mentioned the Stratford property as one they would consider selling in light of the new profitability floor they were reviewing their portfolio and future properties against (again also confirming that they are not being forced to sell, it would only be if the price was right).