If anyone is interested in some back of the envelope calcs i did in relation to TRF and IFE take a look at the IFE thread relating to the boardroom radio interview.
Basically, in a worst case scenario, they are still in the black even in the ramp up phase and by the end of the second year, would still be possibly double today's price using a forward P/E of just 4.
DYOR
If anyone is interested in some back of the envelope calcs i did...
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