Based upon our estimated December 2016 book value, the price target for Allied Minds is 480p representing a price-to-book premium of 2x and an upside of 47%. In 2016 we expect value to crystallise from the commercialisation of up to three subsidiaries and for continued positive newsflow as other subsidiaries in the portfolio mature. This view is supported by the recent trading statement which reported that a number of subsidiaries ‘had met or exceeded commercial milestones in 2015&rsquo
23 Feb 2016
Crystallising value in 2016
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Crystallising value in 2016
Allied Minds PLC (ALLWF:OTC) | 0 0 0.0%
- Published:
23 Feb 2016 -
Author:
Christopher Furness -
Pages:
25
Based upon our estimated December 2016 book value, the price target for Allied Minds is 480p representing a price-to-book premium of 2x and an upside of 47%. In 2016 we expect value to crystallise from the commercialisation of up to three subsidiaries and for continued positive newsflow as other subsidiaries in the portfolio mature. This view is supported by the recent trading statement which reported that a number of subsidiaries ‘had met or exceeded commercial milestones in 2015&rsquo