RE: I was right...again21 Nov 2024 09:14
Sophie, I may well be a simpleton but I dont waste energy on things I have no interest in, now that is the definition of simple. (Although I am replying to you so its borderline!)
How did you get on with IR, did you contact them, or do you prefer not to solve the problem and just come on here and continually bleat about it?
I’m afraid the simpleton has some more bad news for you. Please see below text from the house broker note from the 29/10/2024. I cant believe I didn’t think about this yesterday, I must be really, really simple!
As a royalty, these revenues are expected to be recorded at high margins and essentially fall through to the operating profit line.
Source: Cavendish estimates
To estimate a future value of the SkinBiotix pillar, we make the following assumptions:
—Croda generates £50m of sales from SkinBiotix in 2030.
—SkinBioTherapeutics receives a royalty of 10% (£5m).
—We apply a 15x multiple to this royalty and discount it at a rate of 12%.
This approach generates a SkinBiotix value of £43m.
sophie, was that a percentage symbol I see here, no, that cant possible, sophie says so!
Disclaimer: As always, please validate this information for yourself once you have extracted your head from the sand!!!