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Bit pointless reading the theories here, the way I see it - worst case - money back, best case 3+ bagger..
Thks Cadburys1, very interesting.
Translation from another article:
But the new airline won't be coming to compete with Blue Air. It will attack a different market than the low-cost operator. Under the agreement with Hello Jets, this company will have a long-distance business model and, by implication, a fleet of aircraft and destinations totally different from those of Blue Air," Oana Petrescu told us.
https://www.romania-insider.com/blue-air-owner-new-airline?amp
The planned listing may have a valuation as high as £500m was the suggestion.
That would be after raising up to e250m in a variety f Bonds and fresh Equity.
Pre any raise, a likely valuation may be as low as £250m and that is likely on the high side.
Being conservative it would be good to see a £200m valuation on re-listing....
That would leave RDGC shareholders with a fraction under 5% of the enlarged company - or around £9.7m.
Looking like enterprise value of around 2.2p per share.
The burning question is will RDGC still own 5% on re-list? RNS states:-
-completion of a fundraising shortly proposed to be undertaken by Blue Air
-the raising of an appropriate amount of new equity funds for the enlarged group
I will be v. happy with nearly 6p :-)
Yes, I think first 12 months thru 2022 summer season could be quite interesting as Blue Air expands & makes use of landing slots they have acquired. If they can prosper and achieve good profitability, provided lockdowns continue to ease, then mcap should build from £500m to £bns as you say.
Thanks for the post sidat.
500 mill mcap
5-10p pre consolidation a share for rdgc holders I think .
Blue air need this as much as we want it .
I'll be holding for a least a few billion cap as expansion plans mentioned in a few articles .