SNSN schreef op 23 september 2013 13:15:
[...]
Yes, indeed, the "fair value" for "new kpn" is around ~4.0 .... based on both (absolute and relative) evaluations (for details take a look at last weeks old writings).
If shortly, the most precise (relative) evaluations involve i) long-term pdf structure (before CS offer, in case of kpn), and its volume waited moments "projected" on company performance structure - it's (statistical) long-term value for "old kpn" - before the CS offer (in terms of share prices), ii) corrections on the last year company results/performance (after CS offer), iii) t & c of rights issue, iv) corrections on new financials, 4g, etc.