Silly. The capitalisation is all the earnings into the future discounted back to today and added up.
Do you really think the difference between expectation and reality of future earnings discounted iwas 900m? No?
Revision to the mean. Markets overshoot and undershoot, but they always reverse to the mean. The important question is
Where is the mean?
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Silly. The capitalisation is all the earnings into the future...
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