re: Ann: Minor International Increase In Subs... "You'd have to...

re: Ann: Minor International Increase In Subs... "You'd have to be confident that Minor can't find a dodgy expert to allow them to sell at 52c"

Just tread carefully guys ! They wont need to find a " dodgy Expert " there are plenty of reputable ones that would struggle to value Oak above 52c in this current market.

The bulk of this company is goodwill, each MLR has a finite length of term ranging from 10 years to 25 years. They can expire worthless at the end of the term.


The Body Corporates of each Building have the right not to extend the MLR,s . Different rules apply in different states with Some states showing a max value 3 times net profit with the QLD being the highest at around 5 x times net profit.

So it all comes down to what value an " Expert " may put on the Brand ? Given the collapse of MFS the only precedent is what price the private equity house paid the receiver to purchase all the assets of MFS ( Octavia ) I don't think you will find it will be helpful in agreeing with KPMG,s top end number.

Cheers Hoot