RE: Takeover27 Dec 2024 14:14
Genises
Regarding your post, firstly, you have to accept that the SP is at the moment well below NAV
Secondly, if there was a bid and there was negotiations JLP would rerate their assets as they are valued well below
what you would put in as a full valuation, then they would have to put in what they would expect to make over the next few years as far as profits are concerned, they they would have to talk about value of there technology or know how, I could go on and on. Suffice to say, unless it was a fire sale the price should be above the striking price of Slaters which was 16p on their original purchase. To be honest, I think if there was a bid around that price certain people would take it.