RE: Shell value?5 Sep 2019 17:02
heimdal when this topic was discussed on here about 3 or so years ago I'm pretty sure 400 m HKD was the figure given as a reasonable guide(£40m).personally i have always viewed such a figure with a considerable degree of scepticism.i just don't think a figure can be applied in the abstract.it needs to be considered imo insight of all the other facts of the particular proposal if one is looking at a reverse takeover,e.g. current s/p of the shell,value of its residual assets,personnel, etc.even then for me £40m seems wildly optimistic.my guess would be £10/15m max.that said this is just a personal opinion.i have no experience of being involved with a company seeking to list or to do a reverse takeover so perfectly happy to be corrected by anyone with hard factual knowledge.as our current m/c is just under £30m a figure of 400m Hkd would suggest a negative value for fortacin and other assets which i do find a little unlikely,although i would find it perfectly understandable if no value is ascribed to the listing itself unless a perticularR/T proposal comes about when a value would be ascribed no doubt in the negotiations