It's hard to go badly wrong here when 15% is safely in the hands of AVI and the company wants to buy back another 10-15% of itself. (and that's before any proceeds from Klarna) It's just a question of patience and hoping that nothing blows up. (with wefox written down that bomb has already been mostly disarmed)
For Starling Bank, how do you get to the 2.16bn (implied) valuation? I neither found a multiple they use for valuing Starling nor their share of ownership.
It's hard to go badly wrong here when 15% is safely in the hands of AVI and the company wants to buy back another 10-15% of itself. (and that's before any proceeds from Klarna) It's just a question of patience and hoping that nothing blows up. (with wefox written down that bomb has already been mostly disarmed)
For Starling Bank, how do you get to the 2.16bn (implied) valuation? I neither found a multiple they use for valuing Starling nor their share of ownership.
Merian Chrysalis own 11.76% of Starling. Then use the reported NAV to get to the valuation.
OB
I bought 2 tranches of this last year, in Feb at 89p and April at 85p. Up an unspectacular 14%.
Pity those who bought in late 2020 or 2021. It's a tough old game.