It doesnt work like that

The valuation is based primarily on the value of the shares in their business. There is not £300m in cash assets that they have sitting in the bank. They may have very little liquid cash available and not a huge amount of personal assets available to liquidate or upon which to raise loans.

Posted By: Westfields1 on October 10th 2007 at 11:07:24

Message Thread

Radio 5 live news item this morning (NCFC) - Westfields1, Oct 10, 10:48:35
- Well we're bound to be disappointed, considering that (NCFC) - Steve in Holland, Oct 10, 10:51:15
  - how much interest would you earn each year on 300 million??.. (NCFC) - loz, Oct 10, 10:54:02
    - It doesnt work like that (NCFC) - Westfields1, Oct 10, 11:07:24
      - And may not want to piss all their hard-earned away on Carl Robinsons (n/m) (NCFC) - Steve in Holland, Oct 10, 11:12:56
    - The FT forecast a billion by 2010 (n/m) (NCFC) - mike_the_sphinx, Oct 10, 10:55:41
      - Fuck me - what bank account is that? (n/m) (NCFC) - Partial Angler, Oct 10, 10:57:11
        
        Their business not the yield on their present worth. (n/m) (NCFC) - mike_the_sphinx, Oct 10, 11:00:54
        
        Canary savers with the Norwich & Peterborough (n/m) (NCFC) - blindasabat, Oct 10, 11:00:21
        
        Righty ho - just off to transfer my mortgage... (n/m) (NCFC) - Partial Angler, Oct 10, 11:00:56
    - At 6%, £18m/yr. Lovely jubblies. (n/m) (NCFC) - Partial Angler, Oct 10, 10:55:04
      - thank you for omitting *old* (n/m) (NCFC) - lovely old job, Oct 10, 11:00:37
  - speak for yourself (NCFC) - Tomblander, Oct 10, 10:52:20
- .... (NCFC) - Tomblander, Oct 10, 10:50:27

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