We only hear you on this board when you see an opportunity to spread a little doubt. Why is that?
Results will show a NAV of ~12p a very healthy increase on 1/2 year results. JUV will be a multi-billion company within a year of listing, he has personally invested ~$30 million. He holds £1 million FFWD, the conflict of interest and the money involved where would anyone else be spending their time and efforts.
Chilston, the BOD are active investors throughout the PF. They help to advise all the companies. Once they can no longer do this, or need to do this and/or are no longer required they cash in their investment. Leap has reached maturity, now fully integrated within the IMG machine. We know that Endeavor own IMG and we also know that Endeavor is doing a NYSE IPO in Q3, valuing the company in the multi-billions. The IMG Arena website demonstrates this admirably by describing the 3 (Endeavor, IMG & Leap) as a family group. The interesting point is they are going to keep the Leap brand name, they of course know the value of a brand name.
It is very difficult at this point to see how the BOD can be fully active investors (as described above) and hold 46% whilst having little or no say on future direction, as the journey is now fully mapped out via IMG Arena full integration.
For the FFWD investor the only thing on our minds is...what value Endeavor place on Leap and is this value in line with the BODs valuation?
It’s a pointless question as it’s just an opinion looking for an opposing/agreeing opinion to give credence to the original opinion or to debunk the opinion. Neither would have any validity as it would be purely an opinion about an opinion.