Watcher closely, page-78

G’day Goose.
don’t see comparison with FEX from SP point of view. FEX have 570m shares all up including oppies etc. TI1 have 1,860m.
so right now FEX mkt cap is around $130m, TI1 $165m. To get to 20c, the market needs to value us at $370m. That’s the number you need to think about. It’s hard to line up peers, particularly as TI1 intend on paying out dividends and quickly, by the sound of it. That will probably increase mkt cap on top.
cheers,
ned.