I'm sorry if I couldn't get across what I meant to emphasise in my last paragraph. I'm posting on mobile and it's really slow. The post timedout when I tried to edit it.
You're right, and what I wanted to say in my post is that the number I got is not the definitive right answer. The output is dependent on my assumptions which I will be the first to admit is probably not right (we're trying to predict the future!). But is it right enough? That's where I think valuation comes in, you don't have to be right, you just have to be close enough.
My intention was to start a discussion on what other people think is the right valuation and not to say that 5¢ is a hard and fast correct number.
But since I can't predict the future, I have to go with my convictions and invest based on my own assumptions, that's why I'm a holder at these levels.
