FAR 2.15% 47.5¢ far limited

Ann: Annual report to Shareholders, page-5

  1. 52 Posts.
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    Agree no guarantee, but if the Board wasn't planning to return the capital it would be pretty incongruous with their recent behaviour of undertaking a prior capital return and effectively shutting down all their operational capacity.

    What do you think is a fair discount rate on the contingent payment if they manage to sell it? I'm thinking ~20% over 2 years so US$38m value to FAR is reasonable.
 
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