here is my ev & i will stand corrected if someone shows me how...

here is my ev & i will stand corrected if someone shows me how aio is worth $2.45.(it equals an 18 ebit multiple)
hands up in favour of 18x 2010 ebit?

current MC is about $4930m(at $1.70 x 2900m shares)

ill give you an increase in ebit from $380m to $550m for 2010(some of the loan repaid) & a generous multiple the same as tolls average:12.4

ebit: $550m x 12.4=$6820m
debt: $2900m = $3920m
shares:2900
$3920m divided by 2900 shares =$1.35

there is about what i reckon is AIO'S best so someone show me how they get $2.45???

so were does jbwere get the $2.45 from?

they get it from the plonkers who spun it off with NO CAPITAL remember it was bought on the credit card.

now you all know why its called SPINoff
spinoff MC $7038m = we got 680m shares we paid average $10.00.list at $10.35.
dont take away the $5.3b total debt(no capital)
then dont take away the 680m shares

$1.35 & thats generous,welcome any replies from the hotshot jbwere analysts