I would have thought given the excellent track record, offset to some degree by the cyclical nature of the FUM, would warrant a P/UNPAT of about 15x? On that basis something along the lines of $8.10. If you want to then also consider the cash balance then that is worth another $0.60, which makes me about $0.20 more bullish than @madamswer
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1 | 1188 | 7.250 |
1 | 138 | 7.230 |
1 | 500 | 7.200 |
1 | 3000 | 7.170 |
Price($) | Vol. | No. |
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7.420 | 250 | 1 |
7.440 | 2778 | 1 |
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