RE: Well27 Sep 2023 14:04
"Daytrade you continue to display your stupidityl
Do i?, thats you again here im afraid.
" You.dont include shares as an unencumbered asset? Laughable. "
Nope, you dont when bought with credit terms or borrowed money. They are immeadiately encumbered then. BOO didnt pay cash for them of their own, simply because they didnt have enough. They will have used the encumbered revolver.
"You also forget that property in the accounts is valued at historic cost, not present value, so it will be worth c £150m. "
I forget nothing. The property is vaued at its last valuation, so £136.1m. Not some figure you have simply dreamed up to make your maths work after being pulled up about it. Why arent the properties mow worth £160m or £190m or any other random figure? Simple answer is they are not, and you have NO IDEA what they are worth, so your guess at £150m is nonsense.
"But let's assume a midpoint of £145 and look at the 5 day average for Revb which equates to £23m."
Assumptions and nonsense figure plucking. The Unemcumbered assets are worth £136.1m until revalued officially, not £145-150m as you want them to be. Hell, they may have even reduced, have you seen how much commercial space is trending down. Check BBC for Meta office for example.
"So as I say, c£170m in total"
You can say whatever you want. Its all make believe.
Unencumbered property was £136.1m as stated in last RNS, subjest to new valuation.
REVB shares bought with encumbered funds makes them encumbered.
Unencumbered assets are £136.1m and not your pie in the sky £170m guesstimate.
So stop with the lying, you just make yourself look even more stupid.