Long Story Short21 Dec 2024 17:37
A third party could've offered £1 per share by now which would've been acceptable to me but presumably not to GLEN/Elphick which bodes well. So no quid pro quos in smoke-filled rooms with sandwiches available unless it's on a far higher level which again bodes well. I've got used to the idea of owning a Rolls-Royce so at least £4 per share would be good and that's only 10% of what MM thinks ZIOC could be worth according to one calculation. What ZIOC needs is several interested buyers and it could sell for far more than its worth for strategic reasons alone. So why aren't LTHs all going in 100%? Fear trumps greed. By the way, extrader - did you notice the " its worth"? A rare occasion where it could've also read "it's worth". Incidentally, Rolls-Royces have very low depreciation - still worth 75% after 3 years. Admittedly, only 18.5 mpg but I seldom drive more than 20 miles per week!