RE:Great Value
I get to a close number but a little differently. all US$ 1) the market cap was $2 billion in the spring of 2016 based on the value attached by Blackstone . 2) reduce this by $500 million for the writedown and we are at $1.5 billion. 3) reduce again by 20% for the UK currency wind downs. this gives a market cap of some $1.2 billion or about $US 23 a share. we have hedge funds with more than 25% of this stock and it is trading at a 60% discount to this value - there is a Billion dollars to be made by a hostile takeover