All abord the London-Asia express

There is just one problem with that strategy drunker. When LDC announce the ipo for CFS there will be an immediate imho rerating of some margin. The long term holders on here know that - hence why they have held on. If we assume the ipo is for 20X next year earnings (conservative imho) then the ldc stake will be worth 20mn. Now it may be a little less if they choose to raise fresh cash but I would have put a floor of 15mn on the LDC stake. If they have the good sense to tell us that in the rns on ipo then you can imagine what that will do to the SP.

Even if the ipo is delayed we still hold the 48% stake and the ipo will come. So if you do get your 10p entry well done. That is where I got in a year ago and you will be wiser than me. If you miss the ipo rns then I think new holders will be paying 25p plus for a stake.

Its all about risk and entry points I suppose but I wish you well whatever you decide.

Regards

PLJ