Simple maths...7 Nov 2022 09:12
By my simple estimate, we are buying 15% of Cascabel for 13.3% dilution...
In NPV terms, $400m (£350m) for just over £50m...
Which is good business anyhow but...
You simply can't put a value on having 100% control and ownership of Cascabel, whether to sell that or the entire company...
These shares are still cheap as chips...having bottomed at 17.7p, but...18.70 already paid and volume so far already approaching 2.5 million shares traded...