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The CEO just wants to get more subsidy. Good strategy.
this stock is sound to hold until it hits 80p again I'd say!!
PE firm normally have deep discount on the value of the target.
So the fair value of the stock is over 105.
With the boost of prospect from Carlsberg, guess 150 is realistic.
Because now Carlsberg uses 43 per share to buy 60% business of Marston's.
If Carlsberg directly buys a share of Marston's, it costs ~45, but in the meantime Carlsberg should receive 43 from itself. It means that Carlsberg uses 2 to buy 40% shares of Marston's business.
Anyway, I guess it is a good timing to consider
Current market cap is £286.12m.
Theoretical market cap = £286.12m / 60% x 40% + £273m = £463m
Theoretical share price = ~72 (haven't yet taken in account the prospect)
Current share price = ~45