Based on today's FY results, I would have to tamp down the value I would assign to Artisan/SHAW
My "envelope" thinking today, with these latest numbers looks like this...
Retail network, about to be sold to TLS :160-200M Net cash in bank: 31M 77M franking credits balance: 20-38M Sprout accessories brand: 2M Artisean/SHAW: 20-30M SQDatheltica: 0M lol....
Minus CGT on TLS sale: -10 to -20M
Nets to 220M at low end, 280M at high end..
VTG Price at posting:
92.5¢ Sentiment: Buy Disclosure: Held