TLG - Media, page-263

Hi Figaro

You could well be right about the assumptions being overly optimistic...and I agree the numbers I outlined do look high...but assuming a US listing and NASDAQ multiples perhaps they're achievable...depends on many factors.

Anyway, the point is I was replying to Pabs who invited comment on his figures and on one possible set of figures he might turn out to be correct.

Can I offer a general comment as a backdrop to our exchanges on valuations.

When disruptive technologies converge the result is inevitably a huge transformation and huge market interest. EV prices are falling and getting cheaper, electricity from renewables is cheaper, autonomous vehicle technology is with us now (level 5 within maybe 5 years), big data is here and so is the internet of things. In a couple of years the total cost of car ownership will strongly favour EVs, ICE car sales will fall as demand for them falls and driverless EVs will become increasingly common on the roads managed by the next generation of Avis, Budget and Hertz and all we will have to do is use an App...no need to own a car...cost per km marginal.

Demand for EVs will soar as a result of their massive cost advantage and remain strong through to 2030...jump on the Internet and read more...Tony Seba...Jeremy Rifkin among others, let's be clear I'm talking Europe and the US followed by Asia and later Australia. I am not suggesting for a moment that the coming transformation will debut in Australia. We will follow when it's a done deal.

EVs are set to revolutionise the transport sector and from there the economy worldwide.

It is the massive interest in EVs and the take up rate that will excite investor interest...that is the key driver....will margins eventually be squeezed and profits eroded, of course, but as the world climbs the take up curve valuations will be stretched...and that's the point.

Anyway, would appreciate reading more about how you see the big picture emerging and your analysis and numbers and possible valuations that flow from that.