Ann: Trading Halt, page-107

Follow on from my previous post...

Private Equity paid $92m and 12 months later sold for $500m. Why would anyone that stupid to pay on IPO $2.2 $500m?

So the very first month private equity bought it, did sell went up by 37%? ($500m-$92m)/12 months = $34m valuation of business GROWTH per month... $34/$92m = 37% growth in the very first month private equity bought the business.

Any fool can see it is IMPOSSIBLE for a business to grow 37% in first month... what changes made to boost such increase in first month while Woolworths cannot do for 20 years with this business?