RE: Meet The New CEO6 Sep 2024 12:37
I have to agree with those who feel there is a chance the new CEO is looking to take this private. He has a record and he likes private equity. Perhaps there was an agenda in his appointment. Perhaps the aim is for this to happen before the really big deals that will markedly increase AFC's value.
If so, what price wold it be taken out at if we have little more than we have now...say a few Tamgo orders and a cracker development partner. My thoughts are that, right now, the fuel cell bit of the business is worth 20p. We have been told the cracker division is worth the same again, and you should be able to add a 25% premium in this case to take it private. That would give 50p a share and value AFC at just under £500m.
I would accept that. Anything less than 40p would be a kick for all holders.