I am not sure if you will treat this post as BS or get some value out of it, BUT regardless I will share something with you.
I was talking to my father yesterday and discussed in general how business behaves in different situations. My father & uncle have been into textile business for over 2 decades. They have done numerous deals overseas in both US and Europe, There was NO SINGLE deal that was seamless and every deal had its on value at THAT POINT OF TIME. In some deals they have paid over because they saw potential growth and by god they did made money eventually out of it. If you see the same deal after 5 years , you may call it a deal at discount rate or you may call even more expensive (I mean the value will change with time).
I can tell you one thing that NO ONE WANTS TO PAY MORE for any deal. However if the business has been bought over priced then there are only two possibilities that EITHER THE DEAL WAS DONE BY ROOKIES or DEAL HAS SOME SECRET DOORS THAT ONLY EXPERTS IN BUSINESS CAN SEE.
Mr. Grech & HIS TEAM ARE NOT ROOKIES , So IMHO please stop putting a price tag on the decision as it has already been done. It would be wise if someone experienced can share some views around the growth and development
As a learner in this profession, I would like to make money more then paying my bills and it is possible only if I make sensible decisions. So guys share some wisdom and help me to make well informed decisions...
I AM NO PRO,
DYOR
SGH Price at posting:
$1.13 Sentiment: Buy Disclosure: Held