Buy when everybody is fearful and pessimistic, page-136

Sometimes I think when you comment, you simply just blow air for the sake of just commenting. LOL.

What part of my valuation is hypothetical?

I made it clear that my valuation was modelled using the numbers from the first half report (excluding a reasonable estimate for second half NPAT) - How else does one value a business (without being labelled hypothetical) if one cannot use the most recent financial numbers?)

Furthermore, the valuation model used is DCF (on present numbers only) which is widely accepted and generally understood.

My valuation took into account nothing else (simply the numbers as mostly known to us) so that I could demonstrate that we are now starting to look attractive.

With all due respect, you need to bring yourself up to speed with valuations.