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30-12-2013, 10:12 AM
(This post was last modified: 02-01-2014, 08:43 PM by CityFarmer.)
I am pleasantly surprised by the valuation given by Mr. Market on F&N post-DIS.
Let's work out the math
Dividends paid: $3.28 (capital reduction) + $0.035 (dividend) = $3.315
FCL distribution : $2.04*2*0.8 = $3.264 (assuming 0.8 PB upon trading, which should be the lower side of estimation)
F&N post-DIS : $3.94 (latest price)
Total = $10.519
The valuation given by IFA report during the GO, was $8.30 to $11.22. The market price is approaching the higher end of the valuation
(happily vested)
Let's work out the math
Dividends paid: $3.28 (capital reduction) + $0.035 (dividend) = $3.315
FCL distribution : $2.04*2*0.8 = $3.264 (assuming 0.8 PB upon trading, which should be the lower side of estimation)
F&N post-DIS : $3.94 (latest price)
Total = $10.519
The valuation given by IFA report during the GO, was $8.30 to $11.22. The market price is approaching the higher end of the valuation
(happily vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡