There is the simplistic valuation assuming no growth ever ever in the future in FUM, and then there is another formula if one tries to estimate long term fum.
The second equation is much higher than $24 or whatever under the simplistic valuation.
So take your pick!!!
For me, much more simple, used 'downside' and then looked at IV. Then compared it to share price.
This gives me simple downside price.
Then compare to share price.
The gap was not large, so downside limited (but not eliminated, as Joffery pointed out in a post on this thread).
So worth a scatter gun allocation.
What's that meercat advertising series: SIMPLES
MFG Price at posting:
$21.24 Sentiment: None Disclosure: Held
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