With the current situation going in on Pakistan - Economic...

With the current situation going in on Pakistan - Economic Turmoil, Disasterous Flooding, desperate need of funding from IMF, and Hyper-Inflation, Global Recession - it forces us to assess the value of FDV on a basis that either doesn't include portfolio companies that operate in Pakistan, being Zameen and Pakwheels, or includes them at a significantly risk-adjusted value.

looking at the half-year results, on an FDV % basis:
Excluding These companies results in our group EBITDA (FDV % basis) turning slightly negative again, with a $2.5m impact.

They also account for 32% of our Revenue.

I am keen to get an idea of how other people view FDVs mid-term prospects, with specific questions around:

1. How impacted these 2 companies will be from the current events?

2. What value are we now associating to these businesses? Noting Zameen previously being our largest value asset, I think our LATAM Assets now trump this.

3. If we excluded the Pakistan Assets, what value would we put on FDVs other portfolio companies?

I personally think our LATAM assets are our future, with 100% control, and very strong growth, as well as being spread across a number of countries, further mitigates the country risk that we face in Pakistan.

FDVs current EV is approx $240m now, which to me seems to be getting down to an appropriate value for FDVs assets, excluding Zameen and Pakwheels.

Let me know your thoughts.

Cheers,
Jordan