RANG-YOU10 Dec 2010 19:24
Posted on the iii board earlier in the week
Working on the assumptions Stigold used last time round (see post 18/8/10)
Based on FUM of £6.5bn and 1,812,615,296 shares the SP would be the following based on % of FUM.
1% - 3.6p
2% - 7.2p
3% - 10.8p
4% - 14.3p
5% - 17.9p
This excludes any value from the rest of the business.
Still looks like a buy to me
Im a bit confused about this.... Does this mean that our SP will reflect on FUM's performance?