colonization and takeover, page-34

Thanks to Craft for his discussions.

I reckon the ultimate value of any company is determined by its future earnings, or more precisely, determined by DCF (Discounted Cash Flow). This is why the value is usually a multiple of earnings.

If a company's business/earnings got into trouble and had to wind-up, then the above "cash flow" in the DCF can be replaced by the proceeds (also a form of cash) of selling the assets of the company. This is why we have also valuation methods such as NTA.

Now, SHV's underlining earnings would be 25c/s for this year, 7c/s for the 2H (also as Craft first calculated), and deminishing, the value from the earnings estimate might be very low ...

So we turn to the asset valuation ... But I am still pessimistic, as the asset value is also ultimately determined by its profitability ... If it can't make a profit, it has no value ...