RE: Deal overdue!20 Feb 2024 13:24
Ugh. If there’s one I hate, it’s rampers. CJ, it’s not £1.5bn. It’s $1.5bn. So the actual figure is about 80% of your total, let’s call it £40bn. So, to keep things easy, let’s go for 333m shares which gives a short term share price of £120.
However, that’s just one potential market. It’s a platform. There’s probably some diminishing returns to it and not forgetting to apply a discount rate to account for the sales well in the future. Rough ball park, and to be clear it’s probably prudent to ignore the Chinese market - they’ll have it copied in no time - I’ve arrived at a sensible present value for the business of £200 exc Chin-ah.