Deserves to.
I can see this re-rating to about a 100 mill MC. I think that is closer to where it deserves to be atm. And that is still a valuation of 90 years earnings, is it? Seems that level still has an enormous upside priced in.
He's certainly under no obligation to hold. The company info just had to be a their reasonable belief on his intention at that time.
Ann: Appendix 3B, page-78
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