""(Agree that PP calculation is accurate and that would give us a NPV around what Oceanwide has paid but not quite as high as M&G were seeing as real value (circa $4.70).)""
One more thing that I forgot to mention after reading your reply Denial.
And that was in regard to the above comment of yours.
Yes I do agree with what you wrote in regard to the price that Oceanwide paid for it's shares, while M & G paid up to $4.70 for some of their own.
The way I see it though, is that M & G had entered CDU at a price of $2 per share, while Oceanwide entered it all at the one price of about $3.85. So even if M & G paid up to $4.70 per share, their average sp cost is possibly less than what Oceanwide paid.
Cheers.
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