price predictions, page-30

Remember market cap now of $500m....they have guided PAT 2007/8 of almost $250m. Conference call comments were ..no need for additional capital - but (my words)just a dumb "wish list" announcment and subsequent resignation.

MFS rejected, or at least did not conclude a deal to sell half of Stella for $1.2 billion in Nov, 2007, to the Asian company who took over Kerry Paker media business.

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MFS'S $1.2 billion plan to sell half its Stella travel arm to private equity remains in doubt, but the company is moving aggressively on other fronts and says it will have $10 billion under management by next June.

MFS chief executive Michael King told yesterday's annual general meeting the fate of the Stella deal would be known "one way or the other" by November 28.

The buyer is understood to be CVC Asia Pacific, the same company that owns 75 per cent of PBL Media.

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A deal to sell say 51% of Stella now for anything like that Nov 2007 figure.....means just on their travel business the company is worth $2 billion or $4 per share. Add to that the withdrawn Citi bid which valued the financial services business at nett $800 million - by all means sell it when it reopens, if you like.