If this "valuation" was in fact the current Share price it would be valid.
The SP is not up there yet and hasnt been within cooee of it as a result of this "valuation"
Therefore it is safe to assume there would have to be some major announcements to get to this currently fictional figure.
Given past encounters with the "Mr Market" it would seem that there would necessarily be a further layer of confidence building required in order for the "SP" to stay somewhere near such a figure.
On top of that the retail investors have to actually BUY some shares in order to accomplish this.
Then and only then will HGL appear to have done quite nicely AS WILL anyone else participating at these levels.
The stratosphere awaits.
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An Updated Valuation of CDY, page-113
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