ICI 4.17% 2.5¢ icandy interactive limited

given we paid $44.5m for LS & have invested an estimated...

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    given we paid $44.5m for LS & have invested an estimated additional $10m post acquisition into plant, equipment, work in progress etc; ICI's total investment into LS is about $54.5m; also considering revenue & profit that LS has generated is almost double what it was pre-acquisition; i think LS has appreciated at least 50% based on its almost 100% growth, which would give LS a value of around $80m as a standalone publicly listed company; therefore, if we were to sell around half, ICI would recoup $40m & still own half of LS; such a transaction, if it's at a valuation i'm predicting, would realise a massive return for ICI potentially almost doubling ICI's SP/MC within days
 
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