Melcor Developments is updated and rated Buy at $7.00 This has admittedly been a poor and frustrating investment for a long time. It’s now trading at just 21% of book value and is still profitable although with low profits. For those holding it, I can’t see giving up on it with the price so low in relation to its assets and book value. But there may be little reason to expect a big improvement anytime soon. They have hunkered down to survive the pandemic which they will almost surely do.