RE: Accustem expected valuation4 Nov 2020 12:59
Whimax for starters MMS do not set value, the market supply and demand does.
You appear to not get what’s happening. US has not gone ex record so ACCUSTEM is effectively still in the price.
UK is setting price at the moment, at present UK holders are selling down simples, revaluing TILS EX ACC.
would appear ACC was priced at a lot higher value than most people thought including the BOD.
If you take fair value as the placing price 200p the Accustem is being valued around 180 - £200 million and TILS probably around the same levels. ACCUSTEM appears to have been discounted around 50% of TILS.
One negative is that the whole demerger CF has enabled shorters to take back control.