Run up in BVThere has been quite a lift in FIH's two public companies since the last financials were released. Book value should be well in excess of $15.20 just by assessing the two public companies. I imagine with the growth in BIAL we are sitting at closer to $16 bucks. Its going to be a good 2018!!
Fairchem:
- Weighting of portfolio = 5.4%
- Return since end of Q3 = 7.3%
IIFL Holdings:
- Weighting of portfolio = 38.0%
- Return since end of Q3 = 32.7%
Weighted Return = 12.8%
Book Value end of Q3 = 13.54
Implied Book Value = 13.54*1.128 = $15.27