I agree with your rough estimates there Rosy . I thought GBA had 9.5m Advent shares and haven't seen otherwise . Can you direct me to that info please .
The issue for the market is that any outside investment will be at the post approval stage ( and subject to it ) . The current valuations are already at or around the possible book price and therefore the approval has also been priced in . It is the retail market pushing them up IMO . If the market is already pricing in the upper end of an unknown book price AND approvals then I think it will have to moderate .
