NCM M cap V GGP M Cap problem for29 Oct 2021 17:00
NCM
Currently ggp M Cap is Circa 700million pounds and NCM about 10 or so billion, so we are 7% of NCM M cap
So if we say GGP ’s SP is about Hav then Hav is worth about 16% of their Mcap to NCM.
If GGP were to valued at 25p and NCM M cap doesn’t increase then Hav will be 25% of their Mcap.
If I had 15 Billion pounds, I would buy NCM at a 50% premium , then sell some of NCM other assets to bring down my buy price and in the long term, that would be a great deal, if Hav progresses from here.
NCM must get their SP up really pretty quickly or Imo they will be fighting off predators.
It all very high stakes and i think at this price the downside at GGP is very limited.