NappaAddick I would be very interested to read how you think CAFC could have a value of £75-80M. Sorry but I think you are deluded
Well, it is, without question, worth at least 57M, since that is the debt as it currently stands. So we have a difference of opinion only for the remaining 13M. The lowest offer anyone in the press has reported for RD's purchase is 14M. The highest is 20M. I contend he won't sell at a loss. And that someone will assume all the debt and pay at least the £14M he paid.
I need to add that enterprise value (equity plus debt) and intrinsic value (actual worth) are very different things.
That being said, I think I can make a fairly strong case for even paying full boat for the club.
My house is worth about 475k.
If I decide to sell I will contact you and sell it for about 3 million.
NappaAddick I would be very interested to read how you think CAFC could have a value of £75-80M. Sorry but I think you are deluded
Well, it is, without question, worth at least 57M, since that is the debt as it currently stands. So we have a difference of opinion only for the remaining 13M. The lowest offer anyone in the press has reported for RD's purchase is 14M. The highest is 20M. I contend he won't sell at a loss. And that someone will assume all the debt and pay at least the £14M he paid.
I need to add that enterprise value (equity plus debt) and intrinsic value (actual worth) are very different things.
That being said, I think I can make a fairly strong case for even paying full boat for the club.
I doubt the EV is 57m, as it’s not the amount of debt, it’s the market value of the debt. I would imagine the clubs debt rating would be less than junk, so it’s market value is way less than it’s book value. I wouldn’t be surprised if that the sticking point here.
NappaAddick I would be very interested to read how you think CAFC could have a value of £75-80M. Sorry but I think you are deluded
Well, it is, without question, worth at least 57M, since that is the debt as it currently stands. So we have a difference of opinion only for the remaining 13M. The lowest offer anyone in the press has reported for RD's purchase is 14M. The highest is 20M. I contend he won't sell at a loss. And that someone will assume all the debt and pay at least the £14M he paid.
I need to add that enterprise value (equity plus debt) and intrinsic value (actual worth) are very different things.
That being said, I think I can make a fairly strong case for even paying full boat for the club.
I doubt the EV is 57m, as it’s not the amount of debt, it’s the market value of the debt. I would imagine the clubs debt rating would be less than junk, so it’s market value is way less than it’s book value. I wouldn’t be surprised if that the sticking point here.
Great thread, I've learnt so much over the last dozen or so pages let alone the previous 180 odd from, poetry to basic accountancy, how much a row of terraced houses cost in Rotherham, how to mug your wife off when buying a car and how to convince someone black is white and vice versa. Can't wait for the next tangent
Here we go again, you're driving me potty. It's tangible assets not tangent.
Great thread, I've learnt so much over the last dozen or so pages let alone the previous 180 odd from, poetry to basic accountancy, how much a row of terraced houses cost in Rotherham, how to mug your wife off when buying a car and how to convince someone black is white and vice versa. Can't wait for the next tangent
Here we go again, you're driving me potty. It's tangible assets not tangent.
Yeah, tangent is one of those pottery things you cook things in. No wunder it is dryving you potty.
There was an old perv from Saint-Truden Who thought all the answers he knew them Turns out he was wrong Yewtree won’t be long Please fuck off and go buy the new den.
Planning to clear the loft in a week or so. Will dig out a couple. They're very good, of course. As you'd expect from a 17 year old Hatfield & The North fan in 1974 boarding school.
Comments
At least i've learnt to speed read, now where do i start- page 194 think it was.
You clearly can't count
It's been 8 months, not 12 days
It's tangible assets not tangent.
We'll all be too pissed to navigate a keyboard.
Urinae Aigrevinum Charltonensis
Who thought all the answers he knew them
Turns out he was wrong
Yewtree won’t be long
Please fuck off and go buy the new den.
Here is a beautiful little poem by Emily Dickinson about hope, which is the one thing we've still got.
“Hope” is the thing with feathers,
That perches in the soul,
And sings the tune without the words,
And never stops, at all.
And sweetest, in the Gale, is heard,
And sore must be the storm,
That could abash the little Bird,
That kept so many warm.
I’ve heard it in the chillest land,
And on the strangest Sea,
Yet never in Extremity,
It asked a crumb, of me.
a) Before Christmas?
b) Before the end of the Transfer Window?
c) Before end of the season?
d) After the Season has finished?
Personally i prefer if it was A or B as i win a bet then.
Fingers and Toes crossed. Any update at all @Airman Brown ?