RE: Do folk understand how cheap this entry point is ?12 Oct 2020 10:09
Micky, have you run the numbers on this? When i went balls deep on GGP at 1p, it was because i did the math and saw that it was worth around 16p (more not obviously) but at the time i thought i'd got the math wrong, turns out i was right and the market just hadn't caught on yet.
So anyway, reason for entering here was that i applied the same calculation to OMI's assets and i got a conservative valuation of £430m, and a high end of over £600m
even the low end is 10x to 15x current price, so even if im 50% wrong, its still a 7 bagger from here..... lol
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