From this year1 Apr 2020 09:19
When the share price was 60p when directors were buying..
The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is UK£587m. To get the intrinsic value per share, we divide this by the total number of shares outstanding. Compared to the current share price of UK£0.6, the company appears quite undervalued at a 42% discount to where the stock price trades currently.