RE: MFAI, Why its share price will double, over the next month29 Aug 2024 08:57
Bubble,there is a good chance that the money coming into MFAI, will be greater than stipulated in the 9th July RNS.
"Based on the figures set out above, this disposal has the potential to generate proceeds for Mindflair of circa US$6 million"
Its a little while ago and i could be wrong but i believe that the original valuation of $6,was based on a IPO value of $3.5 Billion. The current estimated valuation of IR is now £5.2 billion, giving MFAI share of the proceeds close to a 50% uplift.
In other words, the IPO, would be worth $9 million , not $6 million. Thats £6.81 million at todays exchange rate. Thats 1.86p per share to MFAI. Add on the value on its other investments and cash and MFAi will be trading at 3p plus.