announcement out, page-28

i think there is still upside...albeit much less than previously

consensus EBITDA is $401.083m for FY08, of which assume stella EBITDA = $220m

so taking 35% of stella EBITDA = $77m

there is no way financial services ebitda will be $181.083m

shave 70% of this for damage done, leaves $54.3m

so with total mfs EBITDA of $131m and an EV of $900m, it means MFS is currently priced at 6.9x EBITDA