Constellation Software Inc T.CSU

Topicus shares

[jjj123]

So I got some Topicus shares from the spinoff.  But showing as worth $0.00 and not tradeable.  Anybody know when they start trading?

[dman8892]

I thought the week of the 25th.  But not entirely sure and I am sure there are many things that need to be aligned for it to trade.

[CanRick]

"On or about February 1".  Anyone have any idea how much they might be worth?

[dman8892]

Based on valuation of Topicus and csu sp movement I would guess between $75 and $100. But the market will always be the final factor. Anyone else have an estimate?

[TimeScape]

I saw an analyst give an estimate based on a sales multiple of Topicus revenue, and he said about $90 a share, but that's just based on his estimate of what sales multiple Topicus would sell for.  If you look at the price drop on the ex-div day, and factor in the share ratio of Topicus to CSU, you would get more like $50 a share.  On the other hand, CSU has dropped another $85 since