a few rough calculations on share price, page-16

lol your methods are pretty crude steven...
as i have said before - the problem with P/Es is that they do not discount for time value. money has time value. secondly - your P/E's only allow for a flat constant price for all years. DCFs you can use price time lines. finally P/E's dont include depreciation, taxation - the tax benefits of raising more debt over equity - dilution from equity raisings and at what prices the equity will be raised - the cost of debt. i could go on forever. and contrary to what you may think such fine tuning can have a huge impact on the ultimate value MAK holders get.

fortunately MAK's numbers are so large that exact figures are not necessary. its only arguing whether MAK is enormous or super enormous really. either way we are in the same boat.